There is Significant Oil in Kerio Valley -Tullow

Tullow Oil has announced that the Cheptuket-1 well in Block 12A, Northern Kenya, has encountered ‘good oil shows’ after it considered further exploration activities last year.

“Cheptuket-1 is the first well to test the Kerio Valley Basin and was drilled by the PR Marriott Rig-46 to a final depth of 3,083 metres. 700m of oil shows indicate active petroleum system with significant oil generation,” Tullow said in a statement Thursday.

Angus Mccoss, Exploration Director, says, “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. I am delighted by this wildcat well result and the team is already working on our follow-up exploration plans for the Kerio Valley Basin.”

Tullow operates three blocks in Kenya with a 50 per cent stake while Africa Oil holds the remaining 50 per cent.