Monday, 10 September 2012

Kenya has found off-shore LNG Gas deposits

Kenya has struck its first natural gas deposits near Malindi. Tullow Oil Plc , which partners with Australian oil prospecting company Pancontinental , announced the discovery this morning.
 It said that it has discovered approximately 52 net metres (about 170 feet) net pay of natural gas pay so far at the Mbawa deep-water well.

 The Mbawa 1 exploration well was drilled to a depth of 2,553m. It plans to drill the well further to 3275 metres. It said that the commercial viability of the find will be determined once the logs and sample analyses are completed.

Officials however, say that the “gas discovery is very promising and it is the first ever substantive hydrocarbon discovery offshore Kenya.”

"With drilling continuing to a deeper exploration target, these interim results may be the first part of the story in this well, and they are certainly just the beginning of the main story of oil and gas exploration offshore Kenya,” said excited officials.

This discovery comes exactly six months after Tullow oil, discovery 100metres of net pay of crude oil in the Turkana County. The find at Ngamia-1 well has raised hopes that Kenya of an oil find in Kenya.

 The new announcement raises Kenya’s profile as a potential Oil and LNG producer and exporter. Such discoveries have made the areas previously deemed as marginal lands to high potential lands. The discoveries, just in the neighbourhood of the proposed Kenya’s second transport corridor, Lapsset,  also raise its profile to highly viable business venture.

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