wazua Tue, Mar 31, 2026
Welcome Guest Search | Active Topics | Log In

119 Pages«<105106107108109>»
Estimated 71 Billion Barrels...
hisah
#1061 Posted : Wednesday, June 18, 2014 5:20:12 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977


Quote:
Historic first-ever oil column discovered offshore East Africa.

V partner Pancontinental Oil and Gas has advised that, after lengthy analysis, it has been verified that the recently completed BG-Group-operated Sunbird-1 well off the southern Kenyan coast has intersected an oil column – the first-ever oil discovered off the East African coast. The gross oil column is assessed to be 14m thick beneath a gross gas column of 29.6m in a reefal limestone reservoir in the Sunbird Miocene Pinnacle Reef in area L10A. The corresponding net values are 9.2m for the oil zone and 28.3 m for the gas zone. The net values are calculated for the reservoir using cut-offs of 10% porosity (Phi) and 50% shale volume (Vsh). Oil and gas samples have been recovered and analysed using sophisticated geochemical techniques. The Sunbird Reef is an ancient Miocene pinnacle reef buried beneath approximately 900m of younger sediment.

Sunbird-1 well, completed in March in area L10A, intersected a gross 29.6m gas column overlying a gross 14m oil column in the Sunbird Reef.

Discovery considered to be a play opener – the buried Sunbird Reef holds the first-ever oil column discovered in the Lamu Basin offshore Kenya.

Major implications for regional exploration – proprietary geochemical data puts the L10A JV in a leading position to find commercial oil.


And an oversubscribed pererabond...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
murchr
#1062 Posted : Wednesday, June 18, 2014 7:37:26 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Key word HISTORIC
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
hisah
#1063 Posted : Thursday, June 19, 2014 6:23:29 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
So what was BP and Shell doing at Lamu since 1954 when they came up 'empty'?
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Boris Boyka
#1064 Posted : Thursday, June 19, 2014 6:42:25 AM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
hisah wrote:
So what was BP and Shell doing at Lamu since 1954 when they came up 'empty'?

@hisah either they found out became jealous and lied to us hopping for our future turmoil waje kunyonya for "firiii" or God "closed" there eyes wasitusumbue.
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
whiteowl
#1065 Posted : Thursday, June 19, 2014 8:09:14 AM
Rank: Veteran

Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
Boris Boyka wrote:
hisah wrote:
So what was BP and Shell doing at Lamu since 1954 when they came up 'empty'?

@hisah either they found out became jealous and lied to us hopping for our future turmoil waje kunyonya for "firiii" or God "closed" there eyes wasitusumbue.


I also don't think they're that incompetent. somebody didn't want that gas to be discovered at that time.
mlennyma
#1066 Posted : Thursday, June 19, 2014 8:26:30 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Is this discovery viable as it stands for those who know more about the metres depth?
"Don't let the fear of losing be greater than the excitement of winning."
sizzla
#1067 Posted : Thursday, June 19, 2014 8:34:00 AM
Rank: Member

Joined: 6/10/2006
Posts: 201
Location: Nairobi
Its not viable from just one well, in fact from what i read they have already plugged that particular well but the samples taken prove there is oil somewhere...
wanyee
#1068 Posted : Thursday, June 19, 2014 2:20:42 PM
Rank: Member

Joined: 7/17/2011
Posts: 627
Location: Mbui-Nzau, Kikumbulyu
This region is fast becoming the next hydo-carbon frontier.. More Gas In TZ
mlennyma
#1069 Posted : Friday, June 20, 2014 9:06:13 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
And those resources cut through our waters its just a question of where exactly.
"Don't let the fear of losing be greater than the excitement of winning."
murchr
#1070 Posted : Tuesday, June 24, 2014 4:45:55 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
hisah wrote:
So what was BP and Shell doing at Lamu since 1954 when they came up 'empty'?


There were better deals elsewhere from corrupt politicians in West Africa to the Trans-Atlantic trade route which is/was very much on their path things were pretty much lined up. It made more sense to drill in W.Africa. Mexico and in the Gulf. Now that focus is on China... Indian ocean makes more sense.

Uhuru Kenyatta wrote:
Today I met with leaders of Turkana County led by Senate Speaker Ekwe Ethuro, Turkana County Governor Josphat Nanok and Senator John Munyes. I told them to ensure the local community gets part of the ownership of the upcoming petroleum pipeline. The local community can do this by contributing land to be used for the LAPSSET pipeline as shares instead of selling it which is an investment that would earn dividends for them each year. I reiterated my call to CSs and PSs last week not to make announcements concerning development without bringing local communities on board because that is where suspicion starts. I want to see production of petroleum within five years and I have instructed the Ministry of Energy to ensure no deadlines are missed in the various stages of preparations.


Its getting interesting people!!!!
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
119 Pages«<105106107108109>»
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Copyright © 2026 Wazua.co.ke. All Rights Reserved.