DeGolyer and MacNaughton Canada Limited

New Assessment of Resources in South Lokichar Shows 25% lower Than Reported

A new full assessment of all the exploration and appraisal data, Tullow estimates that the South Lokichar basin contains the following recoverable resources 560mmbo 2C down from 766mmbo reported earlier by DeGolyer and MacNaughton Canada Limited (DMCL).The best 3C recoverable resources have also been downplayed to 1,230 mmbo from 1630mmbo from an overall discovered STOIIP …

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Kenya Seeks for Expert in South Lokichar blocks Hydrocarbon Audit

The ministry of energy and petroleum (MoEP) through the Kenya Petroleum Technical Assistance Project (KEPTAP) has requested for an expression of interest from firms wishing to undertake a hydrocarbon reserves audit and to develop competent person’s report for the oil assets in Block 10bb and 13t in North Western Kenya. The consultancy expected to take …

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Breakdown of 2C Oil Resources Increase in South Lokichar Basin

Africa Oil has announced that an independent assessment of the Company’s Contingent Resources in the South Lokichar Basin located in Blocks 10BB and 13T in Kenya has been completed by DeGolyer and MacNaughton Canada Limited (DMCL) increased 2C unrisked resources increased by 150 million barrels (or 24%) to 766 million barrels of oil. This is …

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