Africa Oil

Africa Oil reported that the Erut-1 well has been spudded on Kenya’s Block 13T. Situated on a large structural feature in the northern portion of the South Lokichar Basin, Erut-1 follows the successful Etom-2 well that discovered 334 ft of net pay. The latest well is the first in a firm four-well program slated for the first half of the year, the company said. Contingently, four additional wells could be drilled. Tullow is operator with a 50% interest in the block. Africa Oil and Maersk each hold 25% stakes.