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Taipan upbeat on Kenyan oil opportunities

28 June 2014, 10:52

Nairobi - The announcement of discovery of gas by Africa Oil in Sala-1 well on Block 9 in Kenya has boosted the optimism of Taipan Resources, which is drilling at a prospect that is within the region.

Just days after the announcement of the oil find at Sala-1 which Africa Oil and Marathon Oil share in a 50-50 basis, Taipan has said that an oil source could also be present in the Cretaceous section at Badada-1 Well which is its prospect.

Taipan said that the Sala-1 well is located approximately 60 kilometres from Taipan's Badada prospect, on Block 2B, which is expected to spud in late 2014 or early 2015.

Paul Logan, the Exploration Manager at Taipan said that the announcement of a gas discovery with associated oil shows in Sala-1 has significantly de-risked the prospectively of the Anza Basin. He said that Sala-1 is believed to have tested a Cretaceous rollover structure against the Lagh Bogal Fault in a similar position to the Badada prospect, but at a much deeper stratigraphic level.

“Badada-1 will test an as yet, undrilled thick Tertiary sequence of probable Miocene age, similar to that present in the Kingfisher Field in the Albert Basin of Uganda and the Tertiary discoveries of the Lokichar basin in Kenya. The anticipated 3 000 metres of Tertiary section is expected to contain both source and reservoir intervals. The presence of oil shows in Sala-1 suggests that an oil source could also be present in the Cretaceous section at Badada-1,” said Logan.

 - CAJ News

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