Tullow Oil which is the oil drilling company in Kenya’s Turkana oil wells has presented details on the expected oil drilling schedule. The company has said that it has completed the exploration and drilling appraisal for the South Lokichar Basin where hydrocarbon resources were discovered.
The announcement comes after the company raised Sh258 billion ($2.5 billion) to help fund its operations in Africa. Also, the Ministry of Energy has announced its intentions of resuming the small-scale exportation of oil.
Tullow Oil said the environmental and social impact assessment (ESIA) for the overall field development is on track to commence later in the first quarter of this year. By June last year, the firm had pumped and stored 60,000 barrels of oil, pending the firming up of the export plans by the government.
The South Lokichar basin has over 30 exploration and appraisal wells drilled, according to information on the website of the National Oil Company of Kenya.