New Age is drilling on the El Kuran-3 probe on Block 8 close to where the borders of Ethiopia, Kenya and Somalia meet.
The well is targeting a prospect at 2850 metres sub-surface but reportedly hit pay in intervals at half that depth.
Ketsela Tadesse, director of petroleum licensing and operations at Ethiopia’s Ministry of Mines, told Upstream that El Kuran-3 “has not reached target depth...
