Browsing: National Oil Corporation of Kenya (Nock)

National Oil Corporation commissions community projects for Block 14T

NOCK completed a Magnetotelluric (MT) exercise on the Magadi sub-basin at the end of the previous year, intending to gather data as the company strives to improve the quality of its data on the block to assist in the identification of drill-able prospects within the block.

The exercise was designed to gather more data because the Corporation wants to help identify drill-able prospects within the block. The Corporation is currently conducting a number of further studies for the purpose of data collecting, which will assist in marketing the block to prospective farm-in partners.

As a result of the completion of the initiatives, the Corporation’s connection with the communities that live within the block has significantly improved.…

The Kenyan government and its Joint Venture Partners: Tullow Kenya, Total and Africa Oil Corp, have signed Heads of Terms for the development of Kenya’s oil fields in South Lokichar Basin, where oil exploration and production has been ongoing on small scale. Also factored in the agreement is the construction of Kenya’s oil pipeline linking the oil fields to the Lamu Port, where the government is constructing the country’s second major sea port after the Port of Mombasa. The government signed an Early Oil Pilot Scheme agreement with Joint Venture Partners in 2017 allowing all upstream contracts to be awarded, including trucking of 600 barrels of oil per day to Mombasa ready for exports.

The first batch is intended to test the international markets

Kenyan crude oil could test the global markets before the end of this year, latest developments indicate, as stocks of the commodity continue to pile up at a storage facility in the port city of Mombasa.

In its latest operational update for the period January 1-April 25, 2019, British firm-Tullow Oil plc (Tullow), says the first export cargo is expected in the third quarter of 2019, even as exploration and drilling intensifies in the Turkana region.

This comes as the Early Oil Pilot Scheme continues to truck 600 barrels of oil per day (bopd) to Mombasa, where 80,000 barrels of oil are being stored ahead of export.

READ:Kenya oil exports gains momentum as Tullow bounces back to profitability

The crude oil from the Turkana oil fields is being stored at the defunct Kenya Petroleum Refineries Ltd (KPRL) (refinery) facility …