Taipan Resources, a Canadian oil exploration firm reported latest data on Block 2B located in Mandera County can produce more than 251 million barrels of oil.
The company prospects oil and gas contracted BGP Group to survey Block 2b in North Eastern Kenya.
Taipan Resources announced the latest data on sections of the block.
The company also reported BGP Group had completed a 196.2km 2d Seismic survey which confirmed closure at the Baadada prospect.
Taipan Resources has focus on Africa and is the 4th largest oil prospecting acreage owner in Kenya where it owns Block 1 and Block 2B onshore Kenya.
The acreage lies on the Anza Basin, the largest Tertiary-age rift-basins in the East African Rift systems.
The Anza Basin alone has multi-billion barrels of oil discoveries to its credit.
Kenya lies on the Anza Basin’s sweet spot and massive oil discoveries have continued to be made by Tullow Oil, a British explorer which might start oil production in Kenya by 2017.
great news!
It looks like very soon ,stories of the country’s unable to meet it’s wages budget shall become past tense.