Pancontinental Oil and Gas has verified that the recently completed Sunbird-1 well off the southern Kenyan coast has intersected an oil column – the first-ever oil discovered off the East African coast.
Pancontinental believes the results are highly significant because they are the first proof of the presence of a prospective oil system in the Lamu Basin offshore Kenya.
The exploration company’s CEO, Barry Rushworth, said in a statement that the implications of the Sunbird-1 well results for regional oil exploration were truly outstanding.
“The Sunbird-1 oil is the historic first-ever oil discovery offshore Kenya,” Rushworth said. “Furthermore, it is the only offshore oil column ever reported seaward of the eastern coastal margin of the African continent, from South Africa to the northwest tip of Somalia.”
He noted that the company expected to see a significant increase in industry interest offshore Kenya.
Company strikes oil off East Africa
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