Visitors Now:
Total Visits:
Total Stories:
Profile image
By Ye Olde False Flag
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Oil discovered In Kenya For First Time

Monday, March 26, 2012 17:09
% of readers think this story is Fact. Add your two cents.

(Before It's News)

NAIROBI, Kenya – Kenya’s president announced Monday that oil has been discovered in his East African nation for the first time, and a foreign oil firm said the find is similar to the light, waxy crude previously discovered in neighboring Uganda.

President Mwai Kibaki cautioned that commercial viability of the oil find in the northwest Turkana region is still uncertain, but he welcomed the news. The discovery was made over the weekend.

“This is the first time Kenya has made such a discovery and it is very good news for our country,” Kibaki said. “It is however the beginning of a long journey to make our country an oil producer, which typically takes in excess of three years.”

Tullow Oil — which is carrying out oil exploration in the region — said that 20 meters (about 65 feet) of net oil pay was discovered at a site called Ngamia-1 in Kenya’s Turkana County.

Tullow’s exploration director, Angus McCoss, called the discovery an “excellent start” to Tullow’s exploration campaign in the rift basins of Kenya and Ethiopia.

“To make a good oil discovery in our first well is beyond our expectations and bodes well for the material program ahead of us,” McCoss said in a statement, adding that the firm is working with Kenya’s government and plans on further seismic and drilling activities

Read more: http://www.foxnews.com/world/2012/03/26/…z1qFA5YVLb

Read more at Ye Olde False Flag



Source:

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.