Africa Oil says it has found more fuel in Kenya well
NAIROBI - Canada's Africa Oil said its estimate of the amount of potential oil in its Kenyan well has increased by a third since the East African country announced its first oil discovery in March.
The company said it had found an additional 43 metres of potential oil in its Ngamia-1 well in northern Kenya, which is operated by Africa Oil's partner, British exploration firm Tullow.
"The net oil pay logged in Ngamia-1 is more than double that of any of Tullow's East African exploration wells drilled to date," Tullow country manager Martin Mbogo said.
Kenya and its neighbours in East Africa, as well as the Horn of the continent, have become a hot spot for oil and gas exploration in recent years, spurred by new finds in Uganda, Tanzania and Mozambique.
Tullow says reserves of 1.1-billion barrels are confirmed in place and believes there are a further1.4-billion barrels left to find.