(MENAFN) According to the Kenyan ministry of energy and petroleum, the country's recoverable oil reserves in tertiary rift basin are likely to exceed 1 billion barrels, Xinhua reported.
The four recently-discovered oil wells that were drilled by Tullow Kenya have raised the country's recoverable oil reserves from 300 million barrels to 600 million, Cabinet Secretary for Energy and Petroleum said.
"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," he said in a statement.
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