Commercial Oil Production On Track in Kenya

Commercial Oil Production On Track in Kenya

From Business Daily Africa

Kenya is finally set to join the league of oil producing nations after British explorer Tullow Oil Plc said it had surpassed the threshold needed for commercial exploitation of reserves in Turkana.

The announcement contained in Tullow’s results for the half year to June 30 were underscored by the company striking additional deposits in Etuko-1 well on Tuesday.

“Resources discovered to date are of a scale that the partnership will initiate discussions with the Government of Kenya and other relevant stakeholders to consider development options,” Tullow said. Africa Oil is Tullow’s partner in the Turkana exploration and appraisal phase.

Read more at businessdailyafrica.com