Tullow Oil said it found no commercial prospects in frontier basin in northern Kenya despite earlier optimism and results. Photo courtesy of Tullow Oil LONDON, Nov. 17 (UPI) — Despite earlier optimism about the reserve potential in frontier African oil and gas basins, Tullow Oil said it came up empty handed in its efforts in Kenya. Tullow, which has headquarters in London, said it didn’t find any hydrocarbons worth exploring further at a frontier, or wildcat, well in northern Kenya. "While this wildcat well did not find commercial hydrocarbons, it provides valuable data as we assess the wider prospectivity of this basin," Angus McCoss, the company’s exploration director, said in a statement. Tullow is placing bets on emerging basins in Africa, notably offshore developments in Ghana. Like its peers, the company said it’s been a "difficult year" for energy companies working through a period of historically low oil prices. […]
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