Energy director, Don Riaroh, said the three firms, Woodside Energy, Gippsland Petroleum and Origin Energy, will sink the wells in different oil exploration blocks along the coast in accordance to the agreements signed with the government.
Contracts signed by the government and the three Australian firms require wells be sunk within an agreed time frame when the
Speaking during the just concluded African oil and gas, trade and finance conference in
The National Oil Corporation of Kenya (NOCK) and Somken Upstream, which has teamed up with East Africa Exploration (EAX) are among the companies that have applied for award of licenses. Up to 80 percent of
Despite 31 wells having been sunk dating from
Woodside Energy said
“The well was plugged in January this year upon reaching a depth of 4,887 meters. Whilst the presence of significant reservoir sands was encouraging, hydrocarbons (which indicate presence of oil) were not encountered,“ he said.
On May 28, oil fell over a dollar after Nigerian oil unions at the weekend suspended a two-day strike that had threatened to halt oil shipments from the world’s eighth-largest oil exporter.
London Brent crude fell $1.05 to $69.64 a barrel.
On Saturday, workers at the national oil company had suspended the two-day strike after the government agreed to a pay rise and other benefits, although oil traders remained anxious over exports. Output from
PIN/ALLAFRICA.COM
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