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Wednesday, February 25, 2015
Partners on Block 2B in Kenya do not have much to celebrate right now as their Badada-1 exploration well came up dry. Taipan Resources, Premier Oil, and Tower Resources drilled the Badada-1 well to a total depth of 3,500 meters.
Although the well failed to find commercial hydrocarbons, minor gas shows and traces of heavier gas molecules were encountered indicating the presence of a thermogenic source rock in this previously untested basin although no commercial hydrocarbons were encountered. The well was plugged and abandoned as a dry hole.
“Clearly the results of the Badada well were not what management and the shareholders of Taipan had hoped for,” said Maxwell Birley, CEO of Taipan. “However, Block 2B is extremely large at 5,458 sq km, and other drill prospects exist within the block. We will further evaluate results from the Badada well, and discuss next steps with our partners prior to making a decision with respect to future exploration activities in the block.”
The well encountered a thick and previously untested Neogene age succession in the Anza Basin of similar age to that encountered in the Lokichar and Albertine Basins, confirming the pre-drill geological model for this basin.
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