29 March 2013

Kenya: Tullow Oil Introduces New Oil Exploration Strategy in Kenya

London-based exploration firm Tullow Oil has announced that it will switch to a combined exploration and evaluation programme in Kenya's Turkana Lokichar Basin to more quickly determine whether the area meets the viability threshold for commercial oil deposits, Kenya's The Standard reported Friday (March 29th).

"This basin-wide approach is agreed to be the efficient and quickest approach to moving the exploration and evaluation work programme forward towards reaching a commercial threshold of reserves required to justify any large scale oil development," said a statement from Canadian firm Africa Oil, which is prospecting for oil in a joint venture with Tullow.

Tullow previously employed a well-by-well exploration strategy. It applied to the Kenyan Ministry of Energy for approval to change its approach following its second discovery of valid oil deposits in Kenya in November.

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