Nipate
Forum => Kenya Discussion => Topic started by: Olekoima on September 24, 2014, 05:41:17 PM
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Not even the specter of a spillover of Islamic extremism from Somalia can dampen the atmosphere in Kenya, where commercial oil production is expected to begin in 2016 and discovery after discovery has made this the hottest and fastest-paced hydrocarbon scene on the continent.
When it comes to new oil and gas frontiers, today it’s all about Africa. And more specifically, it’s all about the eastern coast, with Kenya the clear darling--not just because it’s outpacing neighboring Uganda by leaps and bounds, but also because despite some political instability hiccups and the threat of militant al-Shabaab, it’s still one of the safest venues in the region......
http://oilprice.com/Energy/Crude-Oil/All-Eyes-on-Kenya-The-Next-Big-Oil-Exporter.html
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Olekoima:
There are plans to reopen the ministry of Economic planning, and appoint Peter Nyon'go Anyan, from where he stopped. This exploits are great, but good planning has to be in place
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Production by 2016? Seem too ambitious. That mandera El Wak basin is mind boggling if the find was to be confirmed. Seem Turkana will cross 1B barrels. Let see what Baringo and Elgyo Markawet will yield..Tullow will spud exploratory well this yr. Lamu offshore find i think is sort of confirmed. Nyakach? basin..what happened to that.
Yes we might be floating on top of oil....
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Production by 2016? Seem too ambitious. That mandera El Wak basin is mind boggling if the find was to be confirmed. Seem Turkana will cross 1B barrels. Let see what Baringo and Elgyo Markawet will yield..Tullow will spud exploratory well this yr. Lamu offshore find i think is sort of confirmed. Nyakach? basin..what happened to that.
Yes we might be floating on top of oil....
Not so. Production from Turkana is actually possible by 2016. Tullow even wanted to lift it off ground earlier than this. This is because the infrastructure for Kenya is a little more advanced than say that of Uganda in terms of oil resources. However, in the absence of rail transport this have to be tracked at least upto Kitale.
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With folks like Uhuru at helm, that oil will go to the asians. I hope at least Ruto can oust him before production gets under way.
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V....how much to bribe you to be on the correct side? For you anything to get you over to the correct side. What happened to you? ni kii? Nishina mwana? lol
With folks like Uhuru at helm, that oil will go to the asians. I hope at least Ruto can oust him before production gets under way.
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George, I hold no political affiliations, honestly. Uhuru's a killer. This looks like the NAZI party symbol. Doves should face the left.
(http://kenyadecides.co.ke/wp-content/uploads/2012/09/TNA1-160x160.jpg)
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V, I'll on you...I'll never give up on you. Uhuru is no killer. He is a defender if what what you are referring to is what I think. In that background what did you expect. The killers are those who called for mass action. Correct?
George, I hold no political affiliations, honestly. Uhuru's a killer. This looks like the NAZI party symbol. Doves should face the left.
(http://kenyadecides.co.ke/wp-content/uploads/2012/09/TNA1-160x160.jpg)
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George, name me one thing Uhuru "defended" you from. As a matter of fact, name me one thing he's done of late that commendable.
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Yes heard of the trucking thing..but we are yet to even agree on production manenos..like royalties and profits sharing. We are already in 2015...i doubt we can do all that in 1 or 2yrs and be ready to truck oil before 2017. LAPSET is still on infancy.
Not so. Production from Turkana is actually possible by 2016. Tullow even wanted to lift it off ground earlier than this. This is because the infrastructure for Kenya is a little more advanced than say that of Uganda in terms of oil resources. However, in the absence of rail transport this have to be tracked at least upto Kitale.
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why think of export ...what about local market? how reliable is this tullow ..maybe we should involve another party given the slow poace in uganda deal where production seems possible only by 2018 ...corruption, taxes, messy plans (pipelines all over) and our politics
In the first half of 2010, Tullow progressed a series of transactions to align interests and accelerate development of the Lake Albert Rift basin which culminated in the purchase of Heritage Oil and Gas Limited's ("Heritage") interests in EA-1 and EA-3A on 26 July. The process to subsequently farm-down interests to CNOOC and Total, with each partner taking a one third interest in EA-1, 2 and 3A, was signed on the 29th March 2011, following the signing of a MoU between Tullow and the Government of Uganda on 15 March 2011.
On 3 February 2012, Tullow signed two Production Sharing Agreements (PSAs) relating to the Lake Albert Rift Basin with the Government of Uganda. This enabled Tullow and its new partners to complete the farm-down on 21 February 2012 for a consideration of $2.9 billion. Ownership and operatorship responsibilities within the basin have been divided between the Partners. Total operates Exploration Area-1 (EA-1) with Tullow operating Exploration Area-2 (EA-2). In the former Exploration Area-3A, CNOOC Limited operates the new Kanywataba licence and the Kingfisher production licence.
Tullow estimates there is 1.7bn barrels of recoverable oil resources in the Lake Albert Rift Basin. Tullow is utilising the skills and understanding it has developed over the years from drilling in Uganda and applying this to other areas in the East African Rift Basin. In Kenya and Ethiopia, Tullow has secured a commanding acreage position and the first well in Kenya, Ngamia-1, made an important oil discovery in 2012.
Significant progress has been made with the Government of Uganda and our partners regarding the development options for the Lake Albert Basin. A Memorandum of Understanding (MoU) was signed in February 2014 by the partners and the Government of Uganda providing a framework to achieve a unified commercialisation plan for the development of the upstream, an export pipeline and a modular refinery initially sized for 30,000 bopd.
http://www.tullowoil.com/index.asp?pageid=282