Audio By Carbonatix
Oil has been discovered in Kenya after exploratory drilling by Anglo-Irish firm Tullow Oil, President Mwai Kibaki has said.
The discovery was made in the country's north-western Turkana region.
Mr Kibaki said it was "the first time Kenya has made such a discovery" and called it a "major breakthrough".
Kenya is a regional business and tourist hub with the largest economy in East Africa, although its relative wealth is not based on mineral riches.
The Kenyan president said Tullow would drill more wells to establish the commercial viability of the oil.
"It is... the beginning of a long journey to make our country an oil producer, which typically takes in excess of three years. We shall be giving the nation more information as the oil exploration process continues," he said.
Tullow Oil, which also struck oil in neighbouring Uganda, said the Kenyan find had exceeded their expectations.
"This is an excellent start to our major exploration campaign in the East African rift basins of Kenya and Ethiopia," said Angus McCoss, the company's exploration director.
He added: "To make a good oil discovery in our first well is beyond our expectations and bodes well for the material programme ahead of us."
Tullow has found oil in, or off the coast of, a number of African countries, including Ghana and Sierra Leone.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Leila Djansi questions NFA’s appeal for Film Fund donations
8 hours -
The ‘Our Day’ Dilemma: A cherished Ghanaian tradition that has become a high-pressure cooker
8 hours -
UHAS celebrates 2026 International Day
9 hours -
Maison Yusif launches ‘The Beast’ fragrance, eyes global expansion from Ghana
10 hours -
NSMQ 2026 : St. Louis SHS returns to nationals after thrilling comeback in Ashanti region qualifiers
12 hours -
“Data is the new gold” – Prof. Kwofie leads charge for AI-driven, equitable Africa
12 hours -
Lights for Life Movement urges fixing of faulty traffic lights to save lives
12 hours -
Doctor uses cash reward of GH¢20,000 to equip Paga Hospital
12 hours -
Free but expensive education in Ghana – Free SHS in retrospect
12 hours -
Justice must heal a nation, not become a weapon of revenge
12 hours -
Six students injured as fire destroys House Master’s apartment at Leklebi SHS
12 hours -
Mid-Year Budget Review: What happened to the GH¢40m promise to Ghana’s creative industry?
12 hours -
Tafo Government Hospital children’s ward 85% complete ahead of my 45th birthday – Nana B
13 hours -
Kessben FM yanks DJ K.A. ‘off air’ over intimate video circulated online; Investigation underway
13 hours -
Ghana, Nigeria commit to stronger trade cooperation under AfCFTA
14 hours