(Last Updated On: September 23, 2014)
Africa Oil has increased its oil estimates in northern Kenya from the 1 billion barrels to 1.3 billion barrels. This is after engaging with an independent consultant Gaffney, Cline and Associates of US. The company also estimates that the oil will be developed by early 2016.
Kenya so far has a total of 2.9 billion barrels of oil. This is 1.3 billion from Lokichar basin and 1.6 billion at Africa Oil Mandera basin. There is more potential for oil specifically at Ngamia area which has a potential of 660 million barrels of oil while Amosing 231 million.
More oil that still hasn’t been evaluated are at Wajir and the Coast due to border problems with Somalia. Exploration has also started with two new wells at Central Kerio Basin.