Africa Oil Announces Oil Discovery on Erut Prospect in Kenya

Africa Oil Announces Oil Discovery on Erut Prospect in Kenya

africa oilThe objective of the well was to test a structural trap at the northern limit of the South Lokichar basin. The Erut-1 well was drilled ten kilometers north of the Etom-2 well and shares important characteristics. Fluid samples taken and wireline logging all indicate the presence of oil. Erut-1 successfully shows that oil has migrated to the northern limit of the South Lokichar basin and has de-risked multiple prospects in this area which will now be considered as part of the Partnership’s future exploration and appraisal drilling program. The PR Marriott Rig-46 drilled the Erut-1 well to a final depth of 1,317 meters and will now move to the southern part of Block 10BB where it will spud the Amosing-6 appraisal well. Africa Oil CEO Keith Hill commented,

“We are very pleased with this result which further confirms the potential of the northern portion of the Lokichar Basin unlocked by the Etom-2 discovery. We are very keen to expand our current drilling program to test additional prospects in the area which have now been de-risked by this discovery. Increasing discovered volumes will further enhance the development and pipeline project planning currently moving forward.”
Africa Oil Corp. has a 25% working interest with Tullow (50%) and Maersk Oil (25%) holding the remaining interest. Source / More: Africa Oil Corp. Oil and Gas Press Oil and Gas News Undiluted !!! “The squeaky wheel gets the oil” Follow us: @OilAndGasPress on Twitter | OilAndGasPress on Facebook]]>

#FOLLOW US ON INSTAGRAM