Kenya says oil deposits could hit 1b barrels

NAIROBI, Sept 20 (Xinhua) : Kenya's recoverable oil reserves in the country's tertiary rift basin is likely to exceed one billion barrels, the ministry of energy and petroleum said Friday.
Cabinet Secretary for Energy and Petroleum David Chirchir said the four recently discovered oil wells that were drilled by Tullow Kenya in the Lokichar sub-basin have raised the country's recoverable oil reserves from 300 million barrels to 600 million.
"However, with further appraisal drilling which is currently on- going, the recoverable reserves are likely to be in excess of billion barrels in the Tertiary Rift Basin alone," Chirchir said in a statement.