26 April 2014, Nairobi – Tullow Oil expressed “disappointment” after its exploration exercise failed to find commercially viable oil in two of its on-shore wells in Northern Kenya.
In a statement, Tullow said that there were “two relatively small but nonetheless disappointing Kenya well results.”
The company named the two wells that impaired their search as Emong and Etuko.
Tullow Oil however was optimistic about another well, Ekales well whose test results, according to Tullow, provided additional reassurance over the more than 600mb of oil already found in Kenya.
The company added that the disappointing results did not negatively affect the search.
“Crucially, these results do not negatively affect the more than 600mbo already found, where stakeholder discussions for commercialization are ongoing,” read a Tullow statement.
The two “disappointing” wells are in South Lokichar and are the first such results for Tullow Oil.
More than a week ago, another company, Pancontinental Oil and Gas announced the completion of exploration off-shore at Sunbird-1 well in Lamu where it intercepted a hydrocarbon zone.
It stated that analyses of samples that it recovered are ongoing in order to make a statement regarding its commercial viability.
– CajNewsAfrica
