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Gas found in Isiolo too little for commercial exploitation

Discussion in 'International Forum' started by Geza Ulole, Jul 26, 2010.

  1. G

    Geza Ulole JF-Expert Member

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    Jul 26, 2010
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    Gas found in Isiolo too little for commercial exploitation

    [​IMG] Bureau of geophysical prospecting crew at Bassa, Isiolo District. On October 28, 2009, CNOOC started drilling the $26 million exploration well and sunk it to a depth of 5,085 metres, although the initial target was to reach 5,556 metres. Photo/WILLIAM OERI

    By KENNEDY SENELWA,
    Posted Sunday, July 25 2010 at 19:45

    Kenya’s dream of joining the ranks of fossil fuel producers have diminished after a prospective well returned not-so-promising results.

    The Boghal-1 well in block 9 yielded some gas but not enough for commercial exploitation, the government said last week, citing latest tests by explorers.

    China National Offshore Oil Corporation (CNOOC) with its partners Africa Oil Corporation, Lion Energy and China Petroleum Corporation (CPC), now plan to plug the well after carrying out drill stem tests.

    “If the tests done to quantify the gas had showed it was of commercial value, Kenya would have received many applications from companies seeking to be granted exploration blocks,” Energy permanent secretary Patrick Nyoike said in an interview on Friday.

    On October 28, 2009, CNOOC started drilling the $26 million exploration well and sunk it to a depth of 5,085 metres, although the initial target was to reach 5,556 metres.

    It had expected to hit oil and gas (hydrocarbon) horizons at between 3,000 and 5,000 metres. The company had encountered gas and an analysis had indicated multiple gas zones of about 91 metres.

    Commercial value

    “Our first well in Africa appears to be a potential gas discovery. The size and commercial value has yet to be determined by testing. Initial analysis highlights excellent prospects of the block,” Africa Oil’s chief executive officer Keith Hill had said in May.

    However, although Kenya has not discovered hydrocarbons, the country has not lost hope because neighbouring Uganda, Tanzania and Sudan have found fossil fuels.

    The Ministry of Energy will continue promoting Kenya as a virgin frontier for oil and gas exploration, Mr Nyoike said.

    Out of 31 wells drilled in Kenya in the past, 19 showed hydrocarbons with positive indicators previously reported in the Loperot-1, Sirius-1 and Pate-1 wells.

    Daily Nation:*- Business News*|Gas found in Isiolo too little for commercial exploitation

    MY TAKE:
    Is that a scientific argument or generalization of facts? poleni sana kwa ku-burn US$ 26 mill. and hitting a vacuum
     
  2. Bantugbro

    Bantugbro JF-Expert Member

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    Poleni sana kwa hasara! you have to take risks if you want to be a millionare.....:pound:
     
  3. Ngongo

    Ngongo JF-Expert Member

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    Duh poleni ndugu zangu waKenya kwa kupoteza midola kibao na kuambulia ola.
     
  4. Smatta

    Smatta JF-Expert Member

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    Its a must you spend money to get money, this is collateral and wont stop us from drilling more wells. We rake in losses in our businesses but that is no reason enough for us to fold tent and leave. Thanks but no thanks for your apologies, If y'all fruits lose hope that fast, then its definite that we are hardwired differently.
     
  5. Domhome

    Domhome JF-Expert Member

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    Hiyo si hasara kwani itaingizwa kwenye,"Profit and loss acount" , ambayo ipo kwenye kila Central Bank.
     
  6. The Quonquerer

    The Quonquerer JF-Expert Member

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    Smatta, lose hope? Who? Haven't we struck it? Not only gas but many more, Tanzania is a land of plenty, that's why you keep salivating, loosing sleep!!
     
  7. Rufiji

    Rufiji JF-Expert Member

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    It is a chinese company (CNOOC) and not the government of Kenya, which has incurred those expenses. The government of Kenya doesn't have neither technology nor resources to run a project of that magnitude.
     
  8. G

    Geza Ulole JF-Expert Member

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    I heard they offered Titanium deposits in exchange of oil exploration deals with Chinese
     
  9. Utingo

    Utingo JF-Expert Member

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    at least Kenya ingepatikana, it could be for the benefit of Kenyans for sure. with all the minerals TZ have, its income is not even listed in the government budget. phewwww!
     
  10. Smatta

    Smatta JF-Expert Member

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    You heard, I also heard that Tanzania ranks the first in worlds illiteracy, no backing whatsoever, just hearsay.
     
  11. Wacha1

    Wacha1 JF-Expert Member

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    Wacha kuchekesha watu hapa umeshindwa kupata ardhi ya kulima vitunguu utaweza kumudu ardhi yenye madini? Nyinyi ni watumwa tu ndani ya nchi yenu. Khe khe khe kheeeeeeeeeeeeeee.
     
  12. Bantugbro

    Bantugbro JF-Expert Member

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    Its an open secret Kenyans = Kikuyus + Kaleenjnz, so if that is what you call benefiting your dear country then we are happy for you..:sick:
     
  13. Bantugbro

    Bantugbro JF-Expert Member

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    Not everyone can sing or rap you guys deserve to be customers....:doh:
     
  14. G

    Geza Ulole JF-Expert Member

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    hahah you are a fun guy, i heard Kenyan women are leading (numberwise) in brothal houses in the west! so how is your mum anyways?
     
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