NAIROBI, July 6 (Reuters) - Somalia's government accused Kenya on Friday of awarding offshore oil and gas exploration blocks illegally to multinationals Total and Eni because the concessions lie in waters claimed by Somalia.

Rink

JUST a question..if the oil in Ngamia1 is more that 10BBO Will Kenya be ranked higher than Angola in terms of oil reserves?

Somalia is being unfair...they are of the opinion that the boundary should run downwards yet Kenya says that the boundary should run East...the matter will most likely go to the UNCLOS

Unfortunately such disputes are not known for their speed in resolution. See Bakassi Peninsula (Nigeria/Cameroon)

AOC forum

http://boardreader.com/t...yst_Call_boorXilowq.html

Apache Corp. (APA) will drill Kenya’s first deepwater oil well next month, a prospect that could add a $70 billion crude find to the record natural-gas discoveries along East Africa’s coast.
Apache and partners including Tullow Oil Plc (TLW) said the Mbawa well is likely to strike oil based on seismic data and slicks seen on the Indian Ocean’s surface. The drilling is targeting as much as 700 million barrels, a resource valued at twice Kenya’s annual economic output at today’s oil prices. With a 50 percent a stake in the well, a strike could add more than 10 percent to Houston-based Apache’s reserves
"What we are looking at in this well is to see if we can actually change the paradigm” in what’s been a gas-prone area, Tullow Chief Financial Officer Ian Springett said in a phone interview. “It’s a high-risk, high-upside well.”
http://www.bloomberg.com...-s-first-oil-energy.html