News24

Kenya strikes oil in remote northern region

2012-03-26 14:14

Nairobi - Kenya struck oil in its remote north-western Turkana region after exploratory drilling by Anglo-Irish firm Tullow Oil, but has yet to establish commercial viability, President Mwai Kibaki said on Monday.

"Our country has made a major breakthrough in oil exploration," Kibaki said, speaking at a conference in Nairobi.

"This is the first time Kenya has made such a discovery and it's a very good news for our country."

Wells drilled by Tullow Oil had found oil, Kibaki said, but there were no details of the potential scale of the find.

"To establish commercial viability they have to drill multiple wells," Kibaki said.

"It is... the beginning of a long journey to make our country an oil producer, which typically takes in excess of three years. We shall be giving the nation more information as the oil exploration process continues," he added.

Tullow Oil, which also struck oil in neighbouring Uganda, said the find had exceeded their expectations.

"This is an excellent start to our major exploration campaign in the East African rift basins of Kenya and Ethiopia," said Tullow's exploration director Angus McCoss.

"To make a good oil discovery in our first well is beyond our expectations and bodes well for the material programme ahead of us," he added.

Comments
  • npretorius2 - 2012-03-26 15:11

    News just in, Civil war erupts in Kenya... Unfortunately finding Oil in Africa is generally a curse and leads to instability. So sad, because the people could actually benefit.

      somersetmorkel - 2012-03-26 19:08

      Oil in Kenya? It's liable to be a curse, as the money it brings in, leads to enormous corruption, as in Nigeria, and the people who should benefit, don't see any of the money by way of a better life.

  • Davis - 2012-03-26 20:35

    I do not beleve finding Oil in kenya will be a curse. this is a western style of thinking to do exactly that. well, kenya has just got a good constitution..and the pollitical leadership is matured. am sure kenya do better than many think. great thanx to britain for helping us in this.

      Bibi - 2012-03-28 07:38

      The political leadership in Kenya is corrupt as can come and this country is still struggling to get over the post election violence of a few years back. The top guys are among the richest in Africa. The ordinary folks already know that very little money will trickle down in the event of a rich oil find. The poor have been living on false promises for almost 50 years after independence.

      Bibi - 2012-03-28 11:09

      In fact one of the MP's already made a whack to the tune of 10mil dollars out of that particular block of land. When word got out, blocks of Turkana land were sold for nothing to high level parlementarians and businessmen. They of course will sell it to the oil companies.

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