Oil explorer Tullow announces new oil discovery in South Lokichar basin

Описание: Oil explorer Tullow has announced a new oil discovery in Kenya, with the erut-1 well in onshore block 13t finding oil at the northern limit of the South Lockichar basin. Erut-1 was drilled to a depth of 1,318 meters and it cut a 25 meter interval at a depth of 700 meters, though Tullow says the overall oil column is considered to be between 100 to 125 meters. The company highlights that the erut-1 well was drilled some 10 kilometers to the north of the etom-2 well, and it was designed to test a structural trap at the edge of the basin. As such, Tullow highlights that the well successfully shows that oil has migrated this far north which in turn de-risks multiple further exploration prospects in the area. Tullow will now drill a pair of appraisal wells - Amosing-6 and Ngamia-10 but after that it is planned for drilling operations to return to the northern portion of the basin for further exploration. The company has a 50% stake in block 13t and block 10bb alongside partners Africa Oil Corp and Maersk, which both own 25%. The shallow depth of the discovery - at 700m - means future wells in the area should be relatively low-cost.





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