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Mlima-1, the well in the Lamu Oil Basin, off Kenya’s Indian Ocean coast recently touted as the country’s first offshore oil strike, is commercially unviable.
Results of the exploration released by Italian energy group Eni, show that the well proved nonviable and was to be “plugged” and “abandoned,” after it failed to hit commercial oil reserves. "
The result has dealt a blow to Kenya’s hopes of being a commercial offshore oil-producing country. While production was years off even in the event of a big oil discovery, the latest results have killed Kenya’s dreams of exploiting what is believed to be huge offshore oil and gas deposits for now.
All the dreams they had and expectation in Lamu basin is gone.
Mlima-1, the well in the Lamu Oil Basin, off Kenya’s Indian Ocean coast recently touted as the country’s first offshore oil strike, is commercially unviable.
Results of the exploration released by Italian energy group Eni, show that the well proved nonviable and was to be “plugged” and “abandoned,” after it failed to hit commercial oil reserves. "
The result has dealt a blow to Kenya’s hopes of being a commercial offshore oil-producing country. While production was years off even in the event of a big oil discovery, the latest results have killed Kenya’s dreams of exploiting what is believed to be huge offshore oil and gas deposits for now.
All the dreams they had and expectation in Lamu basin is gone.