Tullow Oil has announced that it encountered 75 metres of net oil in two zones in Northern Kenya.
According to Tullow, The Emekuya-1 well, in the South Lokichar basin will be developed to full field development.
"The discovery not only adds more recoverable resources to the current portfolio, but, along with Etom-2 and Erut-1 (wells), establishes the 'northern triangle' part of the South Lokichar Basin as an independent production hub," Morgan Stanley analyst Sasikanth Chilukuru said.
Earlier this year, the company said its Erut-1 well, located in the same block, discovered oil with 25 metres of net oil pay.