Arab Today, arab today australian firm confirms oil in coastal kenya
Last Updated : GMT 01:08:51
Arab Today, arab today
Arab Today, arab today

Australian firm confirms oil in coastal Kenya

Arab Today, arab today

Arab Today, arab today Australian firm confirms oil in coastal Kenya

An Australian firm prospecting off Kenya's southern coast
Nairobi - XINHUA

 Australian oil exploration firm Pancontinental Oil and Gas on Wednesday confirmed a verified oil found at one of its completed wells in the coastal region of Kenya.
In a statement, the firm said the Sunbird-1 well, completed in March in area L10A, intersected a gross 29.6 m gas column overlying a gross 14 m oil column in the Sunbird Reef.
"We believe that this is a play-opening discovery in Kenya's Lamu Basin. Because of the Sunbird discovery we expect to see a significant increase in industry interest offshore Kenya," Pancontinental CEO Barry Rushworth said in a statement.
"Now that we know there is a prospective oil system in the Lamu Basin and know the important technical details, we are in a prime position to explore for larger volumes of oil over our very extensive portfolio of prospects and leads," he added.
Rushworth said oil and gas samples have been recovered and analyzed using sophisticated geochemical techniques. The Sunbird Reef is an ancient Miocene pinnacle reef buried beneath approximately 900 m of younger sediment.
The Kenya L10A consortium consists of BG Group, operator, with 50 percent working interest; PTTEP with 31.25 percent working interest, and Pancontinental with 18.75 percent working interest.
Sunbird-1 is the first ever test of a Miocene Pinnacle Reef offshore East Africa, and the first ever exploration well in L10A in the Lamu Basin offshore Kenya.
An extensive trend of Miocene Reefs is evident in Pancontinental's four licence areas offshore southern Kenya, with Sunbird-1 regarded as a tight hole exploration well.
According to the Australian firm, the results are highly significant because they are the first proof of the presence of a prospective offshore oil system in the Lamu Basin.
"Pancontinental Oil and Gas is pleased to advise that after lengthy analysis, it has been verified that the recently completed Sunbird-1 well off the southern Kenyan coast has intersected an oil column - the first ever oil discovered off the East African coast," it said.
The oil and gas have been geochemically typed in detail and the prospective source rocks have been dated and characterized for use in future exploration.
"It is the only offshore oil column ever reported seaward of the eastern coast.. from South Africa to Somalia. We believe that this is a play-opening discovery in Kenya's Lamu Basin. Because of the Sunbird discovery we expect to see a significant increase in industry interest offshore Kenya," Rushworth said.
Pancontinental has three exploration areas in the Lamu Basin covering a total area of about 15,000 sq km.
The operator of the Block L10A Petroleum Sharing Contract, BG Group, is continuing to analyze the well data and will recommend a future exploration program using the well results.
The East African margin has become a focus of the global oil and gas exploration and production industry.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today australian firm confirms oil in coastal kenya Arab Today, arab today australian firm confirms oil in coastal kenya

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today australian firm confirms oil in coastal kenya Arab Today, arab today australian firm confirms oil in coastal kenya

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Italy regions back 'big bang' autonomy

GMT 07:10 2017 Monday ,23 October

Italy regions back 'big bang' autonomy
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Trump: End of Daesh is in sight

GMT 20:29 2017 Monday ,23 October

Trump: End of Daesh is in sight
Arab Today, arab today Maltese demand justice for murdered

GMT 06:08 2017 Monday ,23 October

Maltese demand justice for murdered
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Lost Australia diver swam miles

GMT 19:09 2017 Monday ,23 October

Lost Australia diver swam miles
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla to build wholly-owned plant

GMT 07:55 2017 Monday ,23 October

Tesla to build wholly-owned plant
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Rogina happy for reactions to “The Flood”

GMT 09:30 2017 Friday ,20 October

Rogina happy for reactions to “The Flood”
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:07 2017 Sunday ,22 October

15,000 Under Fives Die

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday