Consequences to Somalia of Today's Oil Discovery in NW Kenya

[RovingMadness]

Kenya oil discovery after Tullow Oil drilling

26 March 2012 Last updated at 08:03 ET
Oil pumps could one day become a familiar sight in Kenya if the industry develops
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.

[RovingMadness]

http://www.bbc.co.uk/news/world-africa-17513488

[AbdiWahab252]

Oil is abundant in Eastern Africa. The sudden interest is due to increased demand and lowering supplies in traditional oil producing nations. Tullow is a smaller outfit that can't go into the larger more established oil producing nations.

Somalia's oil wealth would be a boon to all Somalis and help end our conflict by paying every Somali off.

[mody21]

the british new about this long before this discovery, I suspect wallahi that this is going to get really ugly really quick, knowing the kenyans they will probably increase their presence in NFD, butheads with the locals and start killing somalis in mass, and somalis will retaliate as they always do. kenya already has too many ethnic tention, this might be the tipping point.