{"id":1780,"date":"2014-09-16T08:30:53","date_gmt":"2014-09-16T07:30:53","guid":{"rendered":"http:\/\/oilnewskenya.com\/?p=1780"},"modified":"2015-09-07T13:41:05","modified_gmt":"2015-09-07T13:41:05","slug":"resource-estimates-in-kenyas-south-lokichar-basin-surpass-1-billion-barrels-of-oil-in-new-adjustment","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/resource-estimates-in-kenyas-south-lokichar-basin-surpass-1-billion-barrels-of-oil-in-new-adjustment\/","title":{"rendered":"Resource estimates in \u202a\u200eKenya\u202c\u2019s South Lokichar basin surpass 1 billion barrels of oil in new adjustment"},"content":{"rendered":"

Africa Oil Corp says that a new 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 Gaffney, Cline & Associates increasing the total 2C (best) gross contingent resources by 67% to 616 million barrels of oil and total 3C (high) \u00a0gross contingent resources increased 52% to 1.29 billion barrels of oil in the oil fields discovered to date in the South Lokichar basin.<\/p>\n

Africa Oil adds that the Prospective Resource estimates outside of the field areas in the South Lokichar Basin have not been updated and it is planned to do a comprehensive update of all resources on all properties at year end.<\/p>\n

In the new estimates Ngamia continues to lead as the largest field discovered to date holding over half of all the discovered oil in Northern Kenya while Amosing and Agete\u00a0are at a distant 2nd<\/sup> and 3rd<\/sup> positions respectively.<\/p>\n

According to the high estimates released by Africa Oil Ngamia field could as well as be holding as much resources as 660 million barrels of oil.<\/p>\n

The two tables below show a breakdown of the the gross 2C (best) and 3C (high) estimates per field.<\/p>\n

\"2c<\/a><\/p>\n

\"3c<\/a><\/p>\n

President and Chief Executive Officer at Africa Oil Keith Hill says the new estimates exceed the threshold for development and we are targeting development sanction at the end of 2015\/early 2016.<\/p>\n

\u201cWe continue to aggressively explore and appraise the basin with three rigs operating and are currently acquiring a large 3D seismic survey in the west and north of the basin. The key factors to address to increase these resources over the next year will be related to recovery factors and reservoir connectivity and the early appraisal results at Ngamia and Amosing provide encouragement on the lateral continuity of the Auwerwer sands,\u201d he said.<\/p>\n

He added that the upcoming extended well tests at Ngamia and Amosing and the ongoing appraisal and core analysis programs will provide additional data to support this understanding even as the company and its partner Tullow Oil \u00a0have an exciting exploration portfolio on trend with the South Lokichar Basin and will have drilled six new basins by the end of 2015.<\/p>\n

\u201cWe are confident that our early successes will be repeated in at least one additional new basin,” he concluded.<\/p>\n

Africa Oil’s holdings in the South Lokichar Basin comprise non-operated 50% working interests in Blocks 10BB and 13T in Kenya while Tullow Oil holds a similar working interest and is the operator in the blocks.<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa Oil Corp says that a new independent assessment of the Company’s Contingent Resources in the South Lokichar Basin located in Blocks 10BB and 13T in Kenya has been completed … Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":786,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[11],"tags":[70,74,89,138,259,266,474,513,715,816,830,945,1249,1444,1732,2378,2571,2580,2592],"class_list":["post-1780","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-africa-oil","tag-africa-oil-corp","tag-agete","tag-amosing","tag-block-10bb","tag-block-13t","tag-cline-associates","tag-contingent-resources","tag-ekale","tag-etuko","tag-ewoii","tag-gaffney","tag-keith-hill","tag-lokichar","tag-ngamia","tag-south-lokichar-basin","tag-tullow-oil","tag-turkana","tag-twiga","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/03\/africa-oil1.jpg?fit=275%2C183&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-sI","jetpack-related-posts":[{"id":4661,"url":"https:\/\/www.oilnewskenya.com\/index.php\/breakdown-of-2c-oil-resources-increase-in-south-lokichar-basin\/","url_meta":{"origin":1780,"position":0},"title":"Breakdown of 2C Oil Resources Increase in South Lokichar Basin","author":"","date":"May 10, 2016","format":false,"excerpt":"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\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/05\/Kenya-Discoveries-Block-10BB-Block-13T.png?fit=413%2C506&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":6637,"url":"https:\/\/www.oilnewskenya.com\/index.php\/kenya-seeks-expert-south-lokichar-blocks-hydrocarbon-audit\/","url_meta":{"origin":1780,"position":1},"title":"Kenya Seeks for Expert in South Lokichar blocks Hydrocarbon Audit","author":"","date":"December 20, 2017","format":false,"excerpt":"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\u2019s report for the oil assets in Block 10bb and 13t in North Western Kenya.\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/05\/Kenya-Discoveries-Block-10BB-Block-13T.png?fit=413%2C506&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":4625,"url":"https:\/\/www.oilnewskenya.com\/index.php\/kenyas-crude-oil-recoverable-resources-up-to-750-million-barrels-in-new-assessment\/","url_meta":{"origin":1780,"position":2},"title":"Kenya’s Crude Oil Recoverable Resources Up to 750 million barrels in New Assessment","author":"","date":"April 28, 2016","format":false,"excerpt":"Tullow Oil has said its initial assessment estimate Kenya crude oil recoverable resources have jumped 25 percent to 750 million barrels following the recently concluded exploration and appraisal drilling. This is up from 600 million barrels earlier reported in an independent assessment completed by Gaffney, Cline & Associates which increased\u2026","rel":"","context":"In \"Africa Oil\"","block_context":{"text":"Africa Oil","link":"https:\/\/www.oilnewskenya.com\/index.php\/tag\/africa-oil\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/02\/KE-1316-Etuko-1-Marriott-PR46-Rig-2429-3.jpg?fit=512%2C768&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":4714,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tullow-oil-jv-partners-to-drill-more-basin-openers-appraisal-wells-in-kenya-in-late-2016\/","url_meta":{"origin":1780,"position":3},"title":"Tullow Oil, JV Partners To Drill More Basin Openers, Appraisal Wells in Kenya in Late 2016","author":"","date":"May 25, 2016","format":false,"excerpt":"Africa Oil has reiterated that the South Lokichar basin could see 2-4 Potential basin-openers in late 2016 and beyond as well as 4-8 Appraisal and exploration drilling targets raising hopes of renewed activity in Kenya\u2019s Blocks 10BB and 13T. The basin openers first reported by OilNews Kenya in December 2015\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/05\/Lokichar-Basin.png?fit=453%2C588&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1594,"url":"https:\/\/www.oilnewskenya.com\/index.php\/kenyas-block-10bb-13t-3d-seismic-on-course-to-be-complete-in-q4\/","url_meta":{"origin":1780,"position":4},"title":"Kenya\u2019s Block 10BB, 13T 3D seismic on course to be complete in Q4","author":"Samuel Kamau Mbote","date":"August 11, 2014","format":false,"excerpt":"The acquisition of a 550 square kilometer 3D seismic program in blocks 10BB and 13T is on course as scheduled to be complete in the fourth quarter of 2014 according to the latest operational update by Africa Oil. 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