Tullow Oil to restart Kenyan exploration and appraisal
Tullow Oil will restart exploration and appraisal drilling at Kenya’s prolific South Lokichar field next month, where it sees an upside potential of more than 1-billion barrels of recoverable oil, a senior official said on Tuesday. "A recent 3D survey shows additional upside potential," Tim O’Hanlon, vice-president for Tullow Oil’s Africa business, told an oil and gas conference in Cape Town. Tullow Oil, which has its main production assets in Ghana, also has exploration acreage in Mauritania, Namibia and Zambia. O’Hanlon said that in Uganda, where it had 1.7-billion barrels of oil to develop, Tullow Oil was targeting an export pipeline capable of taking 200,000 to 230,000 barrels a day to Tanga port in Tanzania. He said front-end engineering and design of the pipeline would start next year and a final investment decision was expected in 2018. Reuters
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