By IMMACULATE KARAMBU
Drilling of the first well in Block 2B of the Mandera Basin has commenced as the search for oil in Kenya gathers momentum.
The Badada-1 well will be drilled to a depth of between 3,000 and 4,000 metres through reservoirs that are believed to contain the same geological structure as the Lokichar Basin, where Tullow and Africa Oil have already made oil discoveries in quantities believed to meet the minimum threshold for commercial exploitation.
Stake
The block is operated by Lion Petroleum, a wholly owned Kenyan subsidiary of the Canadian oil and gas exploration firm Taipan Resources, which has a 30 per cent stake in the block.
Other firms with a working interest in the block include Tower Resources (15 per cent) and Premier Oil (55 per cent), both from the United Kingdom.
“The spudding of the Badada-1 well marks an important milestone in this frontier exploration basin. Badada-1 is a potential play opener, which if successful, will de-risk other prospects and leads in block 2B and generate considerable upside from a follow-on exploration programme,” said Tower Resources Chief Executive Officer Graeme Thomson.
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