Kenya inks Sh210 bn oil pipeline deal with Tullow

[mwathadan]

British oil explorer Tullow on Tuesday signed a crude oil pipeline agreement with Kenya, paving the way for preliminary works on the planned line expected to be completed in four years.
The pact draws the legal and technical roadmap for the project’s early works such as mapping out the route for the pipeline and environmental assessment for compliance.
Tullow Oil has since 2012 struck 750 million barrels of the black gold, considered commercially viable, leading to plans of constructing the 865-kilometre pipeline from Lokichar, Turkana, to coastal Lamu town.
“This joint development study agreement provides the framework for the pipeline development,” said Energy Secretary Charles Keter said today.
He said the framework has given the ministry leeway to start inviting investor bids from next week to prepare the pipeline’s design, dubbed front end engineering design (FEED), and carry out an environmental social impact assessment (ESIA) study.
Costly
The line is expected to be completed in 2021 at a cost of Sh210 billion, making it the second most expensive infrastructure project after the Mombasa-Nairobi standard gauge railway (SGR).
Tullow has been exploring and developing the Turkana oilfields jointly with partners Canada-based Africa Oil and Danish firm Maersk.
Kenya opted to go it alone in building the pipeline after oil-rich Uganda, which originally favoured a route though Kenya, said it would

 

[MK254]

madanganyka njooni

 

[Jay456watt]

madanganyka njooni

yaani waje kwa haraka sana bro...

 

[Jay456watt]

CC: Geza Ulole tuusan kadoda11 REDEEMER. et al.

 

[3rd man]

hahaha tuwasubiri hawa mafala waje

British oil explorer Tullow on Tuesday signed a crude oil pipeline agreement with Kenya, paving the way for preliminary works on the planned line expected to be completed in four years.
The pact draws the legal and technical roadmap for the project’s early works such as mapping out the route for the pipeline and environmental assessment for compliance.
Tullow Oil has since 2012 struck 750 million barrels of the black gold, considered commercially viable, leading to plans of constructing the 865-kilometre pipeline from Lokichar, Turkana, to coastal Lamu town.
“This joint development study agreement provides the framework for the pipeline development,” said Energy Secretary Charles Keter said today.
He said the framework has given the ministry leeway to start inviting investor bids from next week to prepare the pipeline’s design, dubbed front end engineering design (FEED), and carry out an environmental social impact assessment (ESIA) study.
Costly
The line is expected to be completed in 2021 at a cost of Sh210 billion, making it the second most expensive infrastructure project after the Mombasa-Nairobi standard gauge railway (SGR).
Tullow has been exploring and developing the Turkana oilfields jointly with partners Canada-based Africa Oil and Danish firm Maersk.
Kenya opted to go it alone in building the pipeline after oil-rich Uganda, which originally favoured a route though Kenya, said it would

 

[Shark's Style]

Sasa tuje kufanya nn kwani mmetupokonya deal la Uganda?
By the way hongereni kwa kufanya mradi huo alone as you promissed.

 

[Jay456watt]

finally some good news after months of election madness...kinywaji baridi...

 

[Geza Ulole]

Where r the details for finances? I assure u this deal will flop as no bank will finance 750 mln barrels!

 

[joto la jiwe]

Hakuna mtu mwenye akili timamu atatoa pesa kwa ajili ya huu mradi, kama Lamu port hadi leo hakuna nchi wa Bank iliyokubali kutoa pesa, itawezekanaje huu upate pesa? 750 barrels are too little for investors to salivate

 

[Jay456watt]

Where r the details for finances? I assure u this deal will flop as no bank will finance 750 mln barrels!

750 mn barrels is enough for commercialization...just do the math and you'll see...those oil reserves at Turkana are worth over $30B....now what is $2.3B for a pipeline if you are going to get more than $30B?
Turkana oil to earn Kenya Sh6.4 trillion in 23 years
“The Turkana people want 30 per cent of the oil revenue. That is 10 per cent to the community and 20 per cent to the county government. If President Uhuru Kenyatta does not sign it, all oil operations will be suspended.”

The bone of contention? How to share the expected petro dollars. Turkana leadership has been pushing for a 10 percent of the revenue to go to the community while the government is pushing for 5 percent.

So far Tullow has discovered 750 million barrels of oil. Yesterday, a barrel of crude oil was trading at $52 (Sh5,391). This means Kenya has $39 billion (Sh4.043 trillion) worth of oil in its belly. This could soar to $52 billion (Sh5.391 trillion) at the end of the year according to projections which show the crude find will hit a billion barrels.

This means that the 10 percent the Turkana leadership wants to go to the community translates to Sh520 billion or 50 times what the arid country receives per year from the national government.

 

[Jay456watt]

Hakuna mtu mwenye akili timamu atatoa pesa kwa ajili ya huu mradi, kama Lamu port hadi leo hakuna nchi wa Bank iliyokubali kutoa pesa, itawezekanaje huu upate pesa? 750 barrels are too little for investors to salivate

Lamu port is starting operations next year...the first three berths are nearing completion...financed by the Kenyan government...a police station, an oil refinery and access roads have been built too...

 

[joto la jiwe]

Lamu port is starting operations next year...the first three berths...financed by the kenyan government...a police station, an oil refinery and access roads have been built too

Serikali ya Kenya ndiyo imejikamua kuanza kujenga Lamu port, kumbuka Lamu port is economically much viable than this pipe, sasa kama hadi leo bado hakuna inverstors au bank iliyokubali kutoa pesa, why should they finance a pipeline which is not economically profitable?

 

[Jay456watt]

Serikali ya Kenya ndiyo imejikamua kuanza kujenga Lamu port, kumbuka Lamu port is economically much viable than this pipe, sasa kama hadi leo bado hakuna inverstors au bank iliyokubali kutoa pesa, why should they finance a pipeline which is not economically profitable?

even the pipe is economically viable because of the oil resources in Turkana...infact, Lamu port is not that necessary because already kuna Mombasa port...fanya hesabu hii mkuu...750,000,000 x $40 (approx price of 1 barrel of oil)...the result is more than $30B in US dollars...

 

[joto la jiwe]

even the pipe is economically viable because of the oil resources in Turkana...infact, Lamu port is not that necessary because already kuna Mombasa port...

Hapo ndiyo ujue serikali yenu inafanya mambo kwa kukurupuka, hapakuwa na sababu yoyote ya kuanza kujenga Lamu Port wakati upanuzi wa Mombasa port umefanyika karibuni ambapo Mombasa port ingeweza kutosheleza for at least 5 years to come.

Hata hili pipeline, kama GoK itaendelea na kichwa ngumu yake ya kujenga hii pipeline sasa hivi lazima itapata hasara kubwa sana, kwa kiwango cha mafuta kilichogindulika hadi sasa, hakitoshi kujenga pipeline, hebu chukulia mfano kwamba hakuna mafuta ya ziada yatakayogunduliwa, inamaana chini ya miaka 5 yatakuwa yamekwisha, hiyo pipe mtaifanyia nini?, kumbuka recovable oil is less than 30% ya kiwango kilichopatikana

Sent from my MediaPad T1 8.0 using JamiiForums mobile app

 

[Jay456watt]

Hapo ndiyo ujue serikali yenu inafanya mambo kwa kukurupuka, hapakuwa na sababu yoyote ya kuanza kujenga Lamu Port wakati upanuzi wa Mombasa port umefanyika karibuni ambapo Mombasa port ingeweza kutosheleza for at least 5 years to come.

Hata hili pipeline, kama GoK itaendelea na kichwa ngumu yake ya kujenga hii pipeline sasa hivi lazima itapata hasara kubwa sana, kwa kiwango cha mafuta kilichogindulika hadi sasa, hakitoshi kujenga pipeline, hebu chukulia mfano kwamba hakuna mafuta ya ziada yatakayogunduliwa, inamaana chini ya miaka 5 yatakuwa yamekwisha, hiyo pipe mtaifanyia nini?, kumbuka recovable oil is less than 30% ya kiwango kilichopatikana

Sent from my MediaPad T1 8.0 using JamiiForums mobile app

Kenya's oil can last her for more than 20 years even at full commercialization....750 million barrels sio kidogo vile unavofikiri...nimekupatia tu mfano...fanya hesabu hii mkuu...750,000,000 x $40 (approx price of 1 barrel of oil)...the result is more than $30B...Pili, Lamu port is also necessary despite the fact that Mobasa port has been expanded...this is because the govt wants to open up northern kenya through the LAPSETT project...Lamu port is just a beginning of that project plus the port is where our oil will be exported through and not Mombasa which is already congested..

 

[1academ]

Habari nzuri Sana hizi kwa taifa, hata Kenyatta amesherehekea hizi habari hii Leo na huyu rais wa kesho..[emoji122] [emoji115] [emoji3] [emoji191]

 

[joto la jiwe]

Kenya's oil can last her for more than 20 years even at full commercialization....750 million barrels sio kidogo vile unavofikiri...nimekupatia tu mfano...fanya hesabu hii mkuu...750,000,000 x $40 (approx price of 1 barrel of oil)...the result is more than $30B...Pili, Lamu port is also necessary despite the fact that Mobasa port has been expanded...this is because the govt wants to open up northern kenya through the LAPSETT project...Lamu port is just a beginning of that project plus the port is where our oil will be exported through and not Mombasa which is already congested..

Nimekuambia recovable ni less than 30% kwa maana hiyo ni kama barrels 200M ndiyo yatakayopatikana, kama kwa siku barrels laki 3 chini ya miaka miwili visima vitakuwa vimekauka

Tatizo ninaloliona huko Kenya, sijui kwanini hampendi kutafuta kujua mambo kwa undani badala yake mnapeana matumaini yasiyokuwa na ukweli, mwishoni ndiyo mnalaumiana na kujuta, hilo limetokea katika ujenzi wa SGR mlipochagua kujenga ya diesel mwishoni mkagundua ni makosa yalifanyika

Take it from me Total wanataka kuunganisha hilo pipeline na la Uganda, wasikilizeni wale, they know business na wanawatakia mema, msiendelee kukurupuka tena kama mlivyofanya kwenye SGR kwa kujenga reli ya bei kubwa na non electrical, muwe mnajipa muda wa kukusanya taarifa za msingi kabla ya kuchukua uamuzi, hasa yanayohusu miradi mikubwa kama hii

 

[Jay456watt]

Nimekuambia recovable ni less than 30% kwa maana hiyo ni kama barrels 200M ndiyo yatakayopatikana, kama kwa siku barrels laki 3 chini ya miaka miwili visima vitakuwa vimekauka

Tatizo ninaloliona huko Kenya, sijui kwanini hampendi kutafuta kujua mambo kwa undani badala yake mnapeana matumaini yasiyokuwa na ukweli, mwishoni ndiyo mnalaumiana na kujuta, hilo limetokea katika ujenzi wa SGR mlipochagua kujenga ya diesel mwishoni mkagundua ni makosa yalifanyika

Take it from me Total wanataka kuunganisha hilo pipeline na la Uganda, wasikilizeni wale, they know business na wanawatakia mema, msiendelee kukurupuka tena kama mlivyofanya kwenye SGR kwa kujenga reli ya bei kubwa na non electrical, muwe mnajipa muda wa kukusanya taarifa za msingi kabla ya kuchukua uamuzi, hasa yanayohusu miradi mikubwa kama hii

🙁🙁🙁🙁🙁🙁my explanations were hopeless....anyway, you can believe whatever makes you happy bro

 

[joto la jiwe]

🙁🙁🙁🙁🙁🙁my explanations were hopeless....anyway, you can believe whatever makes you happy bro

Ukitaka kujua ukweli huu, Uganda wamegundua 6B barrels, latiki recovable yao ni 1.6B tu, ambayo itadumu kwa miaka kama 20 kama hawatogundua mafuta zaidi, soma kuhusu mafuta ya Uganda, then ulinganishe na Kenya ndiyo utajua kwamba kama Kenya haitogundua mafuta zaidi, hayo ya sasa sio economically profitable, ndiyo sababu hadi sasa hakuna ambaye yupo tayari kutoa pesa kwa ajili ya hilo bomba, ngoja mgundue mafuta zaidi yafike hata 3B barrels, muone jinsi watakavyo descend kuja kupigania kutoa pesa

 

[Geza Ulole]

750 mn barrels is enough for commercialization...just do the math and you'll see...those oil reserves at Turkana are worth over $30B....now what is $2.3B for a pipeline if you are going to get more than $30B?
Turkana oil to earn Kenya Sh6.4 trillion in 23 years
“The Turkana people want 30 per cent of the oil revenue. That is 10 per cent to the community and 20 per cent to the county government. If President Uhuru Kenyatta does not sign it, all oil operations will be suspended.”

The bone of contention? How to share the expected petro dollars. Turkana leadership has been pushing for a 10 percent of the revenue to go to the community while the government is pushing for 5 percent.

So far Tullow has discovered 750 million barrels of oil. Yesterday, a barrel of crude oil was trading at $52 (Sh5,391). This means Kenya has $39 billion (Sh4.043 trillion) worth of oil in its belly. This could soar to $52 billion (Sh5.391 trillion) at the end of the year according to projections which show the crude find will hit a billion barrels.

This means that the 10 percent the Turkana leadership wants to go to the community translates to Sh520 billion or 50 times what the arid country receives per year from the national government.

Miradi ya uchaguzi hii!