GOOD NEWS to Kenyans: Kenya’s OIL is commercially viable - 2850 barrels per day

Thursday February 14, 2013 - Kenyans have a reason to smile now, after British oil exploration firm, Tullow Oil, said the Northern Kenya well will release 2,850 barrels of oil per day beginning from June this year.

The announcement which has been welcomed by many African countries is set to keep the country’s hopes of joining the league of oil producers alive as it moves to the last phase for the commercial oil flow test.

Tullow Oil officials, who made the announcement on Wednesday, also said they have completed four flow tests on the Twiga South-1 well, and a fifth test, the final one on the well, is ongoing. The tests were carried out in January and early February this year.

“There will be more focus on Kenya as a potential oil producing country,” Energy PS  Francis Nyoike told Reuters.

Five of Tullow’s oil blocks are within a similar basin in the Rift Valley to Lake Albert Rift basin in Uganda where over a billion barrels of oil deposits have been discovered.

The officials said Kenya might become the largest oil producer in the near future if it invests well on oil exploration industry.



2012 The Kenyan DAILY POST. All Rights Reserved. - Designed by Denno