Tuesday, May 14, 2013
Africa Oil Corp. and Tullow Oil have spud a well in Kenya on Block 10BB. The well is being drilled on the Etuko, formerly the Kamba prospect. The well is targeting a new play area in the LockicharBasin where a working petroleum system has been confirmed by recent discoveries at Ngamia and Twiga.
The primary objectives will be the Lower Lokhone and Auwerwer sands, both of which have been shown to be high quality reservoirs containing oil in existing wells. The gross best estimate of prospective resources are 231 million barrels of oil based on a third-party Competent Person’s Report. The well is expected to take approximately 60 days to drill and evaluate.
Testing operations continue on the Ngamia #1 well, also in Block 10BB in Kenya, and drilling operations continue on the Sabisa #1 well in the South Omo Block in Ethiopia. A result for Sabisa is expected in late May and Ngamia testing completed in early June.
Africa Oil CEO Keith Hill commented, “The Etuko prospect is one of the most attractive prospects in our portfolio and has the potential to open up an new play fairway on the eastern side of the already proven LockicharBasin. A number of additional prospects and leads will be de-risked on this ‘eastern flank’ play if the Etuko well is successful. With three rigs active and three more on the way, the second half of 2013 promises to be a very exciting period in the continuing growth story of the Company in East Africa. ”