Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


Britain's Tullow says makes new oil find in Kenya

17 March 2016, 12:21

Nairobi - Britain's Tullow Oil said on Wednesday it had made an oil discovery in Kenya, which could mean opening up a second oil basin for development in the country south of finds already made.

Kenya and neighbouring Uganda have both made oil finds that have yet to start commercial production, part of a string of energy discoveries along the east coast of Africa.

"The first well in the Kerio Valley Basin, Cheptuket-1, has encountered good oil shows across a gross interval of over 700 metres," Tullow said in a statement about the new find.

"We believe this encouraging initial result has the potential to open up a second prolific basin in Kenya," it said, although it added that the pace of follow-up activity was "set to be modest".

Low oil prices have prompted international oil firms to reduce spending on exploration and development.

A government official had earlier said an announcement would be made on Wednesday about a new oil discovery in Kenya, but had not given details.

Tullow is working with partners Africa Oil and A.P. Moller-Maersk to develop finds in the South Lokichar Basin in northwest Kenya, where recoverable reserves have been put at an estimated 600 million barrels.

For the latest on national news, politics, sport, entertainment and more follow us on Twitter and like our Facebook page!

- Reuters


Read more from our Users

Submitted by
Shakila Alivitsa
Why do men choose second wives?

Why do men choose to have second wives?

Submitted by
Eugene Odanga
Udada women's festival begins in ...

The Udada women's festival has arrived in Nairobi.

Submitted by
Eugene Odanga
WATCH: Kaka Sungura arrested in t...

Was Kaka Sungura arrested in town?

Submitted by
Wilson Ochieng
Ababu chased by rowdy youth durin...

Ababu Namwamba was chased off by rowdy youth in a rally, after being accused of supporting the Jubilee Party. Read more...

Submitted by
Wilson Ochieng
Has Uhuru done enough for Kenyan ...

Has President Uhuru Kenyatta done enough to lift the lives of Kenyan youth? Read more...

Submitted by
Wilson Ochieng
COMMENT: Peter Kenneth adds no va...

Peter Kenneth adds no value to the Jubilee Party's 2017 bid, experts argue. Read more...