16th Mar 2016 07:41
LONDON (Alliance News) - Tullow Oil PLC on Wednesday said it has encountered "good oil shows" across an interval of over 700 metres in the Cheptuket-1 well in Block12A in northern Kenya.
The well is the first one to test the Kerio Valley Basin and was drilled by the PR Marriott Rig-46 to a final depth of 3,083 metres.
The objective of the well was to establish a working petroleum system and test a structural closure in the south-western part of the basin. The strong oil shows encountered in Cheptuket-1 indicate the presence of an active petroleum system with significant oil generation, the company said.
"On the back of the encouraging Cheptuket-1 and successful Etom-2 results further exploration activities are being evaluated," the company said.
Tullow holds a 40% stake in the block.
By Joshua Warner; [email protected]; @JoshAlliance
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