M a r k e t N e w s

Kenyan Government turns focus toward ramping up oil and gas production

Posted on : Thursday , 25th April 2019

The opportunities lying in the oil and gas sector want to be utilized notes the Ministry of Petroleum and Mining, as Kenya looks to commercialize production of petroleum in 2021 with export already planned and scheduled for the year 2023. While only 10,000 square kilometers of its 85,000 square kilometers of oil and gas basin has been explored .i.e. only 12 %  found in the country has been revealed by the Kenyan government. If the reserves are tapped to drive economic activities. This leaves a great potential for growth. The Ministry of Petroleum and Mining said that 200 wells are planned to be drilled over the next two years.

The Petroleum Principal Secretary Andrew Kamau said that, in an approach geared toward major production Kenya is looking to develop the South Lokichar basin. Kenya is in the first phase where by looking at the recoverable reserves they have done the economic benefit. To build the pipeline and facilities that will take the oil down to Lamu for export would be the next steps this was noted by Kamau in a statement. Drilling and production by Tullow Oil and Africa Oil have already taken place this was of the commercial reserves discovered in 2017. Following President Uhuru Kenyatta’s flagging off its transfer in June 2018. More than 70,000 barrels of the resource has already been transported to Mombasa.

Ahead of the first lifting which is scheduled for mid-2019Tullow oil recently stated that it has started marketing the country’s low Sulphur oil. The initial reception in the markets is positive said the company. The ongoing exploitation of reserves reveals that the capacity could potentially hit one billion barrels. Currently, almost 750 million barrels of the resource viable for commercialization has been explored.

The plans for the construction of the transport of oil from Turkana basin to Lamu depot for export are underway nearly a 1.1 billion USD (approximately 111.1 billion shillings) 856-kilometer pipelines to be used. As it seeks to start commercial oil production in the next three years. Developing wells in Turkana County and for their operations Tullow oil will be investing 7 billion shillings more this year. In an update from the London-based Oil producing company, they will be expanding their operations and investing more in other countries too, this year with their total expected expenditure standing at $570 million.

Tullow discovered a total of 1.2 billion barrels of Oil reserves in Turkana county and it continues to transport crude oil, an estimated 600 barrels per day, by road to Mombasa ahead of the planned small-scale exports in the coming months.Awaiting the commercial framework agreements from the state and deals over the acquisition of land for an 800 km pipeline and oil-field infrastructure was confirmed by Tullow.

 

Source : Bizmart
Featured Companies
  • Bajaj Auto
  • Tire Group International, LLC.
  • /
  • TITAN Containers A/S
  • Your Banner HERE!

Complete List  

Advertisers in previous issue:

  •  SS Gas Lab Asia is a reputed engineering company, engaged in manufacturing of carbon dioxide gas plants, hydrogen gas plants, nitrogen dioxide gas plants, CO2 storage tanks, CO2 transportation tankers and dry ice plants.
  • The trusted source for all your heavy  equipment needs!
  • Manufacturer of heavy duty machinery
  • We manufacture; As Welded, Outer Diameter Conditioned, and Bead Hammered stainless steel tubing to ASTM standards We manufacture; As Welded, Outer Diameter Conditioned, and Bead Hammered stainless steel tubing to ASTM standards
  • FAS Flüssiggas-Anlagen GmbH, Salzgitter, is one of the leading manufacturers and suppliers of LPG fittings and components for complete stations for the storage
  • BITZER ranks among the leading manufacturers of refrigerant compressors.
  • Air Conditioning Hire
  • Shenzhen City, Riland Industrial Co., Ltd. is China
  • Narrowtex is a fully integrated company with processes such as warping, weaving, knitting, dyeing, finishing, make-up and packaging
  • Prisma s.r.l. is an industrial reality, qualified in the study and the production of automatic doors for lift.
  • Mini plants of toilet paper rolls production
  • Automatic brick manufacturing machines
  • Ducorr is engaged in the engineering, manufacture & deployment of cathodic protection systems and products.
  •  K & S Financial Group is the link between the end buyer and a reputable Russian refinery.
  • Suppliers of generators for every application
  •  Magazine for Africa
  •  Unipro was born to transmit and give it’s experience in trading high quality safety equipments ensuring high quality products under international standards required in the Oil and Gas, Mining, Construction, automotive, Steel and Chemical industries.
  • Multi feedstock batch processing biodiesel equipment
  •  The Western Group has been in business for over two decades and was set up primarily to service the Oil & Gas Industry Sectors.
  • LINTEC doub- le screen technology and the worlds first asphalt mixing plant in 100% ISO sea containers.
  • A world class Rotary Gear Pumps for effective pumping and trasfer of all viscous & semi-viscous liquid like oils, chemicals, food products and more..
  • Manufacturers & Exporters of hand tools, garden tools & leatheer tool pouches.
  • VALSER Oil & Gas Limited was created to service the oil & gas, petrochemical, refining and power industries in East Africa
  • Hevt Duty Machinery
  •  Ugur Seluloz Kimya A.S. is a leading Sodium Carboxymethyl Cellulose & Polyanionic Cellulose manufacturer, located in Turkey.
Afrotrade International Marketing, Tel: +971-50-6285684
© 1998-2019 Afrotrade