Afren Sees More Companies Entering Kenya After Tullow’s Find
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Afren Plc, a U.K. explorer focused on Africa and the Middle East, said Tullow Oil Plc’s discovery in Kenya will spur the arrival of international oil companies in the East African nation.
Tullow made its first oil find in Kenya with its Ngamia-1 well and said today it expects to find more crude with continued drilling. That discovery “de-risks” further exploration in the region and will prompt companies such as Exxon Mobil Corp., Royal Dutch Shell Plc, Total SA and Eni SpA to assess expansion in Kenya, said Afren Chief Executive Officer Osman Shahenshah.