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Plain textFirst Offshore Kenya Gas Discovery Unlocks New Hydrocarbon Province
Pancontinental Oil & Gas NL (Pancontinental) announces a significant gas discovery in the Mbawa 1 exploration well in the L8 licence area offshore Kenya.
The organization says drilling is now continuing towards a deeper exploration target.
This is the first ever substantive hydrocarbon discovery offshore Kenya.
“The Mbawa 1 well has encountered approximately 52 net metres (approx. 170 feet) of natural gas pay in porous Cretaceous sandstones,” Pancontinental said in a statement on Monday.
The Mbawa 1 exploration well was drilled to a depth of 2,553m RT (below the drill floor), at which point wireline logs, fluid samples and sidewall cores were acquired from the well.
Reservoir and fluid parameters will become available as logs and sample analyses are completed.
Drilling has recommenced towards the planned TD of 3,275m RT. A secondary explorationtarget lies above the planned TD.
Barry Rushworth, CEO and Director of Pancontinental says: “While we have not finished operations in Mbawa 1, this gas discovery is very promising and it is the first ever substantive hydrocarbon discovery offshore Kenya. We are delighted to prove that there is a working hydrocarbon system offshore Kenya.”
He further notes work continues to evaluate the size of the discovery.
“We thank the Government of Kenya for its cooperation and support in achieving this very positive initial outcome for the country of Kenya, for the L8 joint venture and for Pancontinental,” he adds.
“With drilling continuing to a deeper exploration target, these interim results may be the first partof the story in this well, and they are certainly just the beginning of the main story of oil and gas exploration offshore Kenya.”
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Updated on 2013-05-09 09:25 |
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