Kenya New Oil Finds to Attract Investors

Kenya New Oil Finds to Attract Investors

Africa Oil has announced that the Etom-2 well in Block 13T, in northern Kenya has discovered 102 meters of net oil pay in two columns, reported Oil Review Africa.

The well has explored the untested north flank of the Etom structure identified by recent 3D seismic.

“This discovery confirms a new potential exploration fairway in the northern portion of the Lokichar Basin. This result will greatly aid us in adding critical resources for the basin development as well as enhancing the recently announced farm out deal with Maersk Oil,” stated Africa Oil CEO, Keith Hill.

In related news, AllAfrica wrote that the discovery near Kenya’s Lake Turkana had been viewed as the best quality discovery in the region to date.

The Etom-2 oil find will be a major topic of discussion at the fourth East African Oil and Gas Summit slated for February in Nairobi.


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