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Tullow Oil reveals new wildcat well success in Kenya

‘Good oil shows’ were encountered across more than 700 metres of Cheptuket-1, which was drilled to a depth of 3,083 metres.
Tullow Oil reveals new wildcat well success in Kenya
The well indicates “significant oil generation” in the previously untested basin.

Tullow Oil (LON:TLW) has revealed what it describes as one of its most significant well results to date in Kenya.

The Cheptuket-1, in Kenya’s Block 12A, was the first well to test the Kerio Valley Basin, and it has proved the existence of an active petroleum system.

‘Good oil shows’ were encountered across more than 700 metres of Cheptuket-1, which was drilled to a depth of 3,083 metres.

Based on initial analysis Tullow says the strong shows indicates significant oil generation.

"This is the most significant well result to date in Kenya outside the South Lokichar basin. Encountering strong oil shows across such a large interval is very encouraging indeed,” said Angus McCoss, Tullow exploration director.

“I am delighted by this wildcat well result and the team are already working on our follow-up exploration plans for the Kerio Valley Basin."

Tullow has a 40% stake in the exploration project alongside partners Delonex Energy (also with 40%) and Africa Oil Corp (with 20%).

Caren Crowley, analyst at Davy, said: “We view the well result as a good first step in establishing a new petroleum basin in Kenya.”

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