Drilling begins at Niger’s Kafra block with potential of 2.5 billion barrels
Active drilling has begun at the Kafra oil block in Niger. According to the country’s oil minister, this area may contain around 2.5 billion barrels of oil.
Assessment of Kafra’s reserves
The estimate was announced during a Wednesday press conference on Niger’s oil reserves. The meeting discussed reserves the country can rely on for its development. According to France 24, active drilling at the block has already begun.
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The broadcaster describes the figure of 2.5 billion barrels as an approximate estimate of the Kafra area’s potential. Therefore, it concerns a possible volume of oil rather than a confirmed amount of reserves.
Cooperation with Algeria
Chinese companies currently account for most oil production in Niger. At the same time, the Kafra block could become an important basis for economic cooperation between Niger and neighboring Algeria. France 24 notes that this area has the potential to develop interaction between the two countries.
