{"id":4625,"date":"2016-04-28T07:28:05","date_gmt":"2016-04-28T07:28:05","guid":{"rendered":"http:\/\/www.oilnewskenya.com\/?p=4625"},"modified":"2017-01-25T09:54:35","modified_gmt":"2017-01-25T09:54:35","slug":"kenyas-crude-oil-recoverable-resources-up-to-750-million-barrels-in-new-assessment","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/kenyas-crude-oil-recoverable-resources-up-to-750-million-barrels-in-new-assessment\/","title":{"rendered":"Kenya’s Crude Oil Recoverable Resources Up to 750 million barrels in New Assessment"},"content":{"rendered":"

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.<\/p>\n

This is up from 600 million barrels earlier reported in an independent assessment<\/a> completed by Gaffney, Cline & Associates which increased 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.<\/p>\n

Tullow Oil has also hinted that it is re-starting the exploration campaign in the South Lokichar basin saying it was reviewing options so as to de-risk the overall upside potential of 1 billion barrels.<\/p>\n

The explorer had earlier said it would consider further exploration activities following the successful basin opening well Etom-2<\/a> result in the South Lokichar Basin in December 2015.<\/p>\n

This said the group has continued to reduce capital expenditures to just $1.1 billion with further reductions expected later in the year.<\/p>\n

The new assessment is welcome news as Kenya plans on building an export pipeline alone after plans to share a pipeline<\/a> with Uganda fell through.<\/p>\n

On exports Tullow has further hinted on the earlier reported road and rail transport<\/a> in Kenya saying it was evaluating the use of existing infrastructure.<\/p>\n

This it says would provide valuable reservoir data ahead of a full field development with an export pipeline.<\/p>\n

\u201cTullow will now work with the Government of Kenya and our partners on a range of options for the independent development of these resources including early production using existing infrastructure which would provide valuable reservoir data ahead of a full field development with an export pipeline,\u201d the company said in a statement.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":2507,"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":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[70,4375,3845,848,1252,3909,2378,2571],"class_list":["post-4625","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-africa-oil","tag-crude-oil-recoverable-resources","tag-etom-2","tag-export-pipeline","tag-kenya","tag-maersk-oil-and-gas","tag-south-lokichar-basin","tag-tullow-oil","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"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","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-1cB","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":4625,"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":1780,"url":"https:\/\/www.oilnewskenya.com\/index.php\/resource-estimates-in-kenyas-south-lokichar-basin-surpass-1-billion-barrels-of-oil-in-new-adjustment\/","url_meta":{"origin":4625,"position":1},"title":"Resource estimates in \u202a\u200eKenya\u202c\u2019s South Lokichar basin surpass 1 billion barrels of oil in new adjustment","author":"Samuel Kamau Mbote","date":"September 16, 2014","format":false,"excerpt":"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\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"2c gross estimates","src":"https:\/\/i0.wp.com\/oilnewskenya.com\/wp-content\/uploads\/2014\/09\/2c-gross-estimates.png?resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/oilnewskenya.com\/wp-content\/uploads\/2014\/09\/2c-gross-estimates.png?resize=350%2C200 1x, https:\/\/i0.wp.com\/oilnewskenya.com\/wp-content\/uploads\/2014\/09\/2c-gross-estimates.png?resize=525%2C300 1.5x"},"classes":[]},{"id":4722,"url":"https:\/\/www.oilnewskenya.com\/index.php\/south-lokichars-final-investment-decision-to-be-out-by-august-tullow-oil\/","url_meta":{"origin":4625,"position":2},"title":"South Lokichar\u2019s Final Investment Decision to be out by August – Tullow Oil","author":"","date":"May 26, 2016","format":false,"excerpt":"The final investment decision for the early oil pilot scheme in Kenya\u2019s oil rich South Lokichar basin is expected to be out either between the months of June and July according to Tullow Oil\u2019s director of government, public affairs and communications Anthony Mwangi at the ongoing 2nd Turkana Oil and\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\/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":6637,"url":"https:\/\/www.oilnewskenya.com\/index.php\/kenya-seeks-expert-south-lokichar-blocks-hydrocarbon-audit\/","url_meta":{"origin":4625,"position":3},"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":6827,"url":"https:\/\/www.oilnewskenya.com\/index.php\/new-assessment-resources-south-lokichar-shows-25-lower-reported\/","url_meta":{"origin":4625,"position":4},"title":"New Assessment of Resources in South Lokichar Shows 25% lower Than Reported","author":"","date":"February 7, 2018","format":false,"excerpt":"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\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\/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":494,"url":"https:\/\/www.oilnewskenya.com\/index.php\/africa-oil-provides-operations-update\/","url_meta":{"origin":4625,"position":5},"title":"Africa Oil Provides Operations Update","author":"Samuel Kamau Mbote","date":"February 12, 2014","format":false,"excerpt":"[twitter-follow screen_name='oilnewskenya'] \"Africa Oil\" or the \"Company\") is pleased to provide the following update on its activities in Kenya and Ethiopia. Africa Oil's work program for 2014 will include at least 20 exploration and appraisal wells, extended well tests on the South Lokichar basin discoveries, and will include exploration wells\u2026","rel":"","context":"In "New Discoveries"","block_context":{"text":"New Discoveries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/new-discoveries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2013\/12\/africaoil.png?fit=280%2C273&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/4625","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=4625"}],"version-history":[{"count":2,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/4625\/revisions"}],"predecessor-version":[{"id":4627,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/4625\/revisions\/4627"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/2507"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=4625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=4625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=4625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}