Tullow Oil has said it is not planning to farm down its Kenyan assets after it sold part of its Ugandan assets to Total in January, Oil News Kenya reported.
With a substantially reduced stake and an exit from an active role in Uganda, Tullow said it will actually take a more focused approach in oil exploration and production in Kenya, Standard Digital informed.
The company said it will focus on the early oil pilot scheme (EOPS) expected to commence in the coming months. It will also be focusing on exploration and appraisal with four wells expected in 2017 with the option of another for wells to be determined by the success of the initial wells.
In related news, Tullow said it has made an oil discovery following exploration of the Erut-1 well in onshore Block 13T, northern Kenya, which was drilled to a depth of 1,318 meters and it cut a 25-meter interval at a depth of 700 meters, with oil column considered to be between 100 to 125 meters, as Egypt Oil&Gas previously informed.
Tullow Oil has 50% interest in Kenyan blocks 10BA,10BB and 13T, 40% in Block 12A, while in Block 12A the company has 100%.