Oil Exploration has been ongoing in the Albertine Graben since the 1920’s.
Oil in the Albertine Graben
The Albertine Graben is part of the East African rift system
Most of the worlds known recoverable oil reserves occur in rift systems
Highly prospective area with an 88% drilling success rate
6 Billion barrels of oil discovered
Underexplored with less than 40% of the basin explored to date
All major discoveries are land based
TotalEnergies currently developing the Northern fields and building a Central Processing Facility (~1.5 B bbl OOIP)
Export pipeline in construction (FID 2022, Complete 2025) capacity expected to produce 210,000 barrels per day
A large 4-way dip structures located offshore and south of Kingfisher to be drilled by CNOOC and spills into Conjugate’s Kanywataba block
Extensive Miocene and Pliocene structures on trend with nearby discoveries remain untested in the South and can be drilled onshore.
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