Tullow Oil, the leading operator in the Kenyan oil industry has noted that the oil discovery in the East African country are expected to be well in excess of 300 million barrels, "exceeding the threshold for development studies to commence". The company arrived at the figures following success at Etuko-1, which was spud in May 2013 and is still drilling. The figure is however considered contingent and not reserves estimates.
The company has said that the resources discovered to date are of a scale that the partnership will initiate discussions with the government of Kenya and other relevant stakeholders to consider development options. These discussions include consideration of a start-up phase oil production system with potential development. To facilitate these development activities in parallel with exploration and appraisal, an 'Area. of Interest' (AOI), encompassing the basin discoveries and further prospects in Blocks 13T and 10BB, was agreed with the Government of Kenya in February 2013. This agreement allows a multiple field approach to development of the resources while permitting the continued focus on exploration to increase the resource base while concurrently appraising discoveries.
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