Kenya oil estimates now 368 million barrels

Drilling rig04 September 2013, Nairobi – An oil prospecting firm in Turkana County’s Lokichar basin has announced a five-fold increase in its estimates of oil reserves in the area.

Africa Oil, a Canadian oil and gas company prospecting together with British explorer Tullow Oil Plc, Tuesday said results from tests conducted over the past one year showed that the South Lokichar basin contained 368 million barrels of oil, an increase of 557 percent from the previous estimates.

– The Star

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