Tullow oil experts during a drilling exercise. [Photo/nation]
Tullow oil has reported a barren oil search from its latest drilling in Turkana.
The barrens bring to an end its success streak for the first time this year.
The firm had struck two fresh oil finds in January and May, forcing it to widen its search.
The search had raised prospects of increasing the country’s proven reserves.
So far the country has discovered oil reserves estimated at 750 million barrels.
“The Araku-1 exploration well in Suriname has been drilled to a total depth of 2,685 metres and penetrated the objectives of the Araku prospect. No significant reservoir quality rocks were encountered although logging and sampling proved the presence of gas condensate,” Tullow said in its update.
“The well is now being plugged and abandoned”, the firm said adding that “geological insights gained from this well offer significant future exploration potential in the Group’s acreage.”