M a r k e t N e w s

East African Explorers Seek Third  Partner For Kenya Oil Fields Development

Posted on : Wednesday , 27th August 2014

 East African explorers, Africa Oil and its partner Tullow Oil, have told Reuters they could take on a third partner to help develop oil discoveries in northern Kenya where they discovered an estimated 600 million barrel in Block 13 T and Block 10 BB in South Lokichar Basin.

“We will likely bring on a partner to help develop Lokichar Basin reserves but no timetable has been set,” Africa Oil’s chief executive officer Keith Hill told Reuters.
East Africa has over the recent years become a hotbed of oil and gas exploration  with huge deposits being found in Kenya, Uganda, Tanzania, Mozambique and Puntland a semi autonomous region in Somalia. There are also extensive exploration activities in Ethiopia but no commercially viable oil deposits have been found there yet.
Reuters reported that Kenya, Uganda and Rwanda have invited bids for a single consultant to oversee a feasibility study and initial design for the construction of a 1,300-kilometre (808-mile) pipeline to transport crude to the Kenyan coast.
Hill told Reuters that Africa Oil plans to spend some $1.6 billion in 2014 and 2015 in exploration activity on its blocks in the three countries.
“Our gross budget this year is over $800 million … and we would expect a similar amount next year but (that) budget has not yet been approved,” he said.
 

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

Complete List  

Advertisers in previous issue:

  •  Ugur Seluloz Kimya A.S. is a leading Sodium Carboxymethyl Cellulose & Polyanionic Cellulose manufacturer, located in Turkey.
  • Manufacturer of heavy duty machinery
  • Manufacturer of auxiliary equipments
  • Catering for the most varied industrial storage requirements.
  • Chemicals,Environmental & Sewage,Treatment Laborotory;Equipments Analytical Equipments & Instraments;etc.
  • Pumping solutions, a technological potential.
  • FAS Flüssiggas-Anlagen GmbH, Salzgitter, is one of the leading manufacturers and suppliers of LPG fittings and components for complete stations for the storage
  • Seco actively contributes to improving your productivity and competitiveness in metal cutting machining.
  • Used Machinery
  • Suppliers of generators for every application
  • Manufacturers & Exporters of hand tools, garden tools & leatheer tool pouches.
  • BITZER ranks among the leading manufacturers of refrigerant compressors.
  • Bakery Equipment, Flour Mill, Bread Improver, Dried Fruit Processing machine
  • From a modest beginning in 1955, the IGP Group today provides over 50 products and services to the core sector.
  • Manufacturing and marketing "aira" brand Valve Automation Products
  • 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
  • VEGA Grieshaber KG is a world-leading supplier of level, switching and pressure instrumentation.
  • Manufacturer of extrusion lines,extruders and down stream equipment.
  • GLOBE GAS specialises in Multi Cylinder installation, Pipeline Installation, LPG Tank (Bulk) Installation, Designing Kitchen Layout etc.
  •  Global Air Freight Solutions For Oil & Gas Shipments
  • ISISAN is a core member of a group who employs, approx 2000 people and active in pipe manufacturing, furniture, machine made carpets, flour mill and animal feed production.
  • Ducorr is engaged in the engineering, manufacture & deployment of cathodic protection systems and products.
  •  ABL Machine Tools, One of the group companies of ABL India is India
  • Multi feedstock batch processing biodiesel equipment
  • Al Hosni Group International, has the experience and expertise in Construction, Manufacturing, Marketing, Hospitality, Chemicals, Gas services and environmental projects.
Afrotrade International Marketing, Tel: +971-50-6285684
© 1998-2023 Afrotrade