[twitter-follow screen_name=’oilnewskenya’]<\/p>\n
Marathon Oil plans to continue exploration works in Kenya\u2019 in Sala-1 following 2013 drilling in Bahasi 1 exploration that reached 9,500 feet that was plugged and abandoned despite minor gas shows.<\/p>\n
Sala-1 is particularly attractive to the company following previous wells drilled in the sub-basin confirmed a working petroleum system.<\/p>\n
According to a letter to shareholders the company says it has set aside $529\u00a0 million that will focus on testing significant oil potential including drilling 2-3 net wells (8-10 gross) in the Kurdistan Region of Iraq, Kenya, Ethiopia and the deepwater Gulf of Mexico, and on conducting seismic surveys.<\/p>\n
This is part of a 2014 capital and exploration budget of approximately $5.9 billion is concentrated on high-quality, organic reinvestment in the Eagle Ford area.<\/p>\n
Other than Kenya the company also has a presence in Ethiopia in the Tultule exploration well, which is approximately 2 miles from the Sabisa-1 exploration well on the South Omo Block, reached a total depth of 6,891 feet in December which had minor gas shows and was plugged and abandoned.<\/p>\n
Additionally, at least two exploration wells are planned for the eastern side of the block in 2014 to test multiple sub-basins. The first of those wells, Shimela-1, is expected to spud in March 2014 and which he holds a 20 percent non-operated working interest in the South Omo Block.<\/p>\n
[twitter-follow screen_name=’oilnewskenya’]<\/p>\n","protected":false},"excerpt":{"rendered":"