ARKEX completed a BlueQube airborne gravity gradiometry survey in Kenya for Tullow Oil Plc. The survey ranks amongst one of the larger airborne full-tensor gravity gradiometer (FTG) surveys flown to date, according to the company.
The total survey area covered blocks 12A, 10A and 10BA that surround Lake Turkana in Northwest Kenya.
Part of the East African Rift, the Turkana Rift Basin shares many geological attributes with the Lake Albert Rift Basin in Uganda; where Tullow has already had a number of major discoveries. The Kenyan acreage has shown good evidence of a live-oil system and the gravity gradiometry survey will help to provide an improved picture of the sub surface geology.
The survey data will be used to identify basement structures, and delineate fault trends and volcanics. The initial data processing is currently being fast tracked by ARKEX with final results due in November.
Recommended Reading
Enbridge Advances Expansion of Permian’s Gray Oak Pipeline
2024-02-13 - In its fourth-quarter earnings call, Enbridge also said the Mainline pipeline system tolling agreement is awaiting regulatory approval from a Canadian regulatory agency.
Talos Energy to Offer 30 Million Shares of Stock to Pay for M&A
2024-01-18 - Proceeds from Talos Energy’s secondary offering will be used to help pay its recently announced acquisition of QuarterNorth Energy.
Private Equity: Seeking ‘Scottie Pippen’ Plays, If Not Another Michael Jordan
2024-01-25 - The Permian’s Tier 1 acreage opportunities for startup E&Ps are dwindling. Investors are beginning to look elsewhere.
Marathon Chasing 20%+ IRRs with Los Angeles, Galveston Refinery Upgrades
2024-02-01 - Marathon Petroleum Corp. is pursuing improvements at its Los Angeles refinery and a hydrotreater project at its Galveston Bay refinery that are each boasting internal rate returns (IRRs) of 20% or more.
Murphy Oil Names Eric Hambly as President, COO
2024-02-08 - Murphy Oil has promoted Eric M. Hambly to president and COO and E. Ted Botner to executive vice president. Both will continue to report to CEO Roger W. Jenkins.