Bloomberg News

Africa Oil to Drill as Many as 5 Wells in Kenya-Ethiopia Basin

March 27, 2012

Africa Oil Corp. (AOI), the Canadian exploration company, said it began a drilling campaign in the first quarter that includes a plan to drill as many as five wells in the Kenya-Ethiopia Tertiary Basin over the next 18 months.

Africa Oil Chief Operating Officer James Phillips spoke today at the Eastern Africa Oil, Gas & Energy Week in Nairobi, the Kenyan capital. Africa Oil is Tullow Oil Plc (TLW)’s partner in the Ngamia-1 exploration well in Kenya, site of the country’s first oil discovery that was announced yesterday.

“We are hopeful that we have some further good surprises ahead this year” on Ngamia-1, Phillips said.

To contact the reporter on this story: Sarah McGregor in Nairobi at smcgregor5@bloomberg.net

To contact the editor responsible for this story: Paul Richardson at pmrichardson@bloomberg.net


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