Oil & Gas Exploration Opportunities in Kenya

Kenya’s Petroleum potential is best depicted by the four large sized sedimentary basins that straddle the Country (sedimentary basins & exploration blocks map). These are Lamu, Anza, Mandera, and Tertiary Rift basins. The sedimentary basins are divided into exploration blocks as shown below.

Where, or what, are the most exciting opportunities to be found today in Africa?

By Charles Gurdon, Managing Director, Menas Associates Africa currently, undoubtedly, provides the world’s most exciting oil sector investment opportunities but, to be more precise in terms of where and what to invest in, one really needs to reverse engineer the question. Having eliminated sub-regions and specific countries, see what one is left with. Much as …

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Kenya to shut down obsolete refinery

By Petroworld Kenya’s Government has confirmed that it plans to convert Kenya Petroleum Refineries Limited’s refinery into a storage facility for imported products. The decision to shut down the country’s sole refinery was in line with recommendations made by the Energy Regulatory Commission (ERC), Energy and Petroleum Cabinet Secretary Davis Chirchir told reporters. The ERC …

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AfricaOil Q3 operations update – Puntland, Somalia

Dharoor Valley and Nugaal Valley Blocks The Company continues to evaluate the encouraging results of the two wells drilled in 2012 on the Dharoor Valley block which proved all the critical elements exist for oil accumulations, namely a working petroleum system, good quality reservoirs and thick seal rocks. Based on these encouraging results, the Company, …

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Indigenous companies to account for over 30% of oil and gas production in Nigeria within 5 years

Atlantic Energy Co-CEO, Scott Aitken made a presentation at the African Oil Week, one of the largest oil and gas conferences held on the African continent held in Cape Town, South Africa 25th – 29th November 2013. In his presentation titled: “Onshore Niger-Delta – A changing Landscape”, Mr. Aitken explained there are 100’s of underdeveloped …

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Tullow hits dry well Ethiopia’s Tultule-1

Tullow Oil plc (Tullow) announces that the Tultule-1 wildcat well in the South Omo block onshore Ethiopia, has reached a total depth of 2,101 metres and will be plugged and abandoned as a dry hole. The well was targeting a reservoir section similar to the sands drilled in the nearby Sabisa-1 well where oil shows were …

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Africa Oil Q3 2013 Operations update – KENYA

The Company and its operating partners in the Kenyan blocks are actively exploring for oil as described below. Block 10BB Based on the very positive results at Ngamia-1 on Block 10BB in 2012, the Company and its partner, Tullow, have accelerated the pace of exploration along the Ngamia trend in Block 10BB and Block 13T. …

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Tullow Oil to conduct well testing in Ethiopia

Story by KALEYESUS BEKELE – The British Oil company that is prospecting for oil in South Omo basin in South Ethiopia, Tullow Oil, is to conduct well testing in the second oil exploration well named Tultule-1. Tullow Oil started drilling Tultule1 last September. Reliable sources told The Reporter that the drilling crew had reached the targeted …

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Oil search gets boost with new drilling in Northern Kenya

By Business Daily – Canadian oil and gas explorer Africa Oil Corp awarded Weatherford International Ltd a contract for a drilling rig for an exploration well it plans to sink in northern Kenya, with its partners, later in the year. The exploration firm and its joint venture partners hold exploration licences in Kenya, Ethiopia and …

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Oil opportunities in Africa

Oil opportunities in Africa By KPMG Africa Africa is presently enjoying an upward growth curve, and part of the reason for this is its large new oil discoveries. The oil industry is a big mover and shaker and so development in this sector could, if done right, mean increased employment, increased foreign skill and capital investment, boosted trade …

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