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Its all been said 99 times. We must wait for the drill bit to turn somewhere, get on with it Peter!
Im in there with you "andy". Hope they find oil! Red
We are famous.
ERHC Energy Inc. Receives Presidential Seal of Approval on BDS 2008 in Chad; Commences Funding of Work Program
Survey to Focus on Areas North of Discoveries in the Doseo Basin and East of Discoveries in the Doba Basin
HOUSTON, Apr 28, 2014 (GLOBE NEWSWIRE via COMTEX) --
ERHC Energy Inc. ERHE +5.80% , a publicly traded American company with oil and gas assets in Sub-Saharan Africa, today announced that it has now received the arrêté (decree) of the President of Chad giving presidential seal of approval to the Company's retention of oil exploration Block BDS 2008 and its voluntary relinquishment of the Manga and Chari-Ouest III Blocks. ERHC had earlier announced the agreement of the Ministry of Mines, Energy and Oil to ERHC's request for relinquishment. The request was made to enable the Company to focus its resources on the highly prospective Block BDS 2008.
With the receipt of the Presidential Order clearing the path for ERHC to proceed with exploration activities in BDS 2008, the Company has commenced – in advance of a potential farm-out – the financing of approved geological and geophysical work. ERHC is currently issuing a series of convertible notes to fund magnetic/gravity surveys and, thereafter, 2D seismic acquisition.
Modeling for gravity/magnetic surveys of BDS 2008 was completed recently and constitutes the basis for ERHC's request for bids from reputable survey companies for the requisite surveys. ERHC's plan is to gather data from an area of 5,000 square kilometers, with two main areas of focus:
- North of Esso's Tega and Maku discoveries in the Doseo basin; and
- East of and on trend with OPIC's Benoy-1 margin discovery in the Doba basin.
ERHC has 100 percent of the interest in BDS 2008 in southern Chad, which encompasses 41,800 square km. or more than 10 million acres. The Block is located on the northern edge of the Doba and Doseo basin, the site of active exploration and development projects with discoveries exceeding 1,290 MMBOE. Based on its current understanding of available data, ERHC estimates the un-risked resource potential in the two focus areas in BDS 2008 to be 250 million barrels of oil equivalent (MMBOE).
In addition to its oil and gas exploration interests in the Republic of Chad, ERHC holds interests in the Republic of Kenya, the Sao Tome and Principe Exclusive Economic Zone (EEZ) and the Nigeria-Sao Tome and Principe Joint Development Zone (JDZ).
About ERHC Energy
Bowleven to start seismic testing in Kenya’s Block 11B
Samuel Kamau M. / March 31, 2014
Bowleven is to soon start the 2D seismic testing in Block 11B after announcing that the seismic tender process is in an advanced stage and the award was imminent.
The seismic follows the processed airborne geophysical survey highlights on several basins on the block that is in Turkana district and which is believed to be on trend with oil production to the north-west in Sudan in the Melut and Muglad basins and is north of recent oil discoveries in Kenya.
“We continue to focus on exploiting our exploration portfolio and look forward to seismic activity in Kenya and exploration drilling on Bomono in the coming period,” said Chief Executive of Bowleven plc Kevin Hart.
Block 11B encompasses an area covering the Loeli, Lotikipi, Gatome and South Gatome basins. These basins are a part of the geologically young East African Rift system to the north of the Lokichar Basin, where significant discoveries have recently been made (Ngamia, Twiga).
Meanwhile Bowleven has announced that it will be seeking a strategic partnership with First Oil to provide funding towards Kenya exploration activities.
Sounds good... As regards the exclusive economic zone, with latest seismic process, pointed out that it was agreed partnerships'' with'' good prospects with some oil companies, that'' the medium term will bear fruit.''
New maps?
last year report http://www.energy-pedia.com/news/kenya/new-155293
Drilling results summary:
http://www.africaoilcorp.com/s/current-activities.asp
LONDON— Glencore Xstrata GLNCY +1.44% PLC snapped up African-focused oil producer Caracal Energy Inc. CRCL.LN +54.97% on Monday for $1.35 billion in cash, just hours after selling a Peruvian copper mine for nearly $6 billion and putting paid to a rival deal between Caracal and Canadian oil company TransGlobe Energy TGL.T +3.42% Corp.
The Swiss-based mining and trading giant will acquire London-listed Caracal in full for around $9.20 a share, according to a joint statement from the companies. Caracal, whose main assets are oil fields in the central African nation of Chad, had been on the verge of merging with TransGlobe Energy.
Glencore's acquisition of Caracal underscores its ambition to increase its oil market presence, and its willingness to buy assets in politically risky countries. It will take over Caracal's operatorship of its Chadian oil fields which are located near giant fields operated by U.S. firm Exxon Mobil Corp. XOM +1.27% Although Glencore has a number of stakes in various West African oil fields, this is the first producing field that it will manage and control itself.
Chad, an oil and mineral-rich former French colony in the Sahel region that cuts between North and sub-Saharan Africa, is relatively peaceful. But it is situated in a tough neighborhood—the Central African Republic to its south is embroiled in a bloody interreligious conflict.
Perhaps the surprise will be. Mr Offor's injection of 4 million.
Thanks King, yes, or at that time when the share price is 2.50 a share they may give CEPSA 400,000 +- shares. Better yet, CEPSA may just buy us out at that point since we will have found the largest highest quality oil field in Kenya to date! After all, that is the goal.... . First things first. FIND this "ELUSIVE OIL" Find oil and options present themselves.
http://www.oilreviewafrica.com/exploration/exploration/united-hydrocarbon-spuds-two-oil-wells-onshore-chad
With an exploration block as large as BDS 2008, it is vital that we recourions this expensive mapping method that has been proven , "said Gertjan van Mechelen, head of exploration at ERHC, hoping that the survey" identify the most promising areas "of the block.
Two target areas have already been identified and would conceal 250 mmboe. One is north of discoveries and Tega Maku Esso Basin Doseo and the other east of OPIC Benoy-1 well in the Doba basin.
All good news, thats what I thought. Thanks for the confirmation that our management team is moving fast as possible and our partners on Kenya are motivated and wealthy.
Maybe theyll find an 777 Boeing while theyre down there drilling :)
Jdz is full of surprises, Ide expect block 2 to be in their sites next as they mentioned a known oil stucture came from the North.
11b - Our neighbors..... who will find oil first, us or them?
http://oilnewskenya.com/2014/03/31/bowleven-to-start-seismic-testing-in-kenyas-block-11b/
the processed airborne geophysical survey highlights on several basins on the block that is in Turkana district and which is believed to be on trend with oil production to the north-west in Sudan in the Melut and Muglad basins and is north of recent oil discoveries in Kenya.
Block 11B encompasses an area covering the Loeli, Lotikipi, Gatome and South Gatome basins. These basins are a part of the geologically young East African Rift system to the north of the Lokichar Basin, where significant discoveries have recently been made (Ngamia, Twiga).
Joint development zone holds between six and 12 billion barrels of crude oil.
http://energymixreport.com/nigeria-sao-tome-may-start-oil-production-at-jdz/
Nigeria, Sao Tome may start oil production at JDZ
Efforts may have commenced towards activating oil production in the Joint Development Zone (JDZ), being operated by Nigeria and Sao Tome and Principe, after an agreement by the partners to reinvigorate the Joint Development Authority (JDA).
The JDA, in a categorical statement recently, said, “oil and gas production in the area might begin within the next 18 months.”
The authority is also planning to adopt the latest technology that would enhance the production activities in the oil rich zone.
According to the statement, the decision was made at the 22nd meeting of the joint ministerial council held recently in Abuja, where the JDA’s headquarters are located.
The statement signed by JDA President, Arzemiro dos Prazeres and Executive Directors, Luís Prazeres and Kashim Tumsah, said: “Important decisions were made such as approving new technology for surveying and production of oil and gas in block 1 that will allow production to begin within an 18-month period,”
The JDA also approved a review of the legal framework for the joint development area, “to attract new investors and re-launch operations in the area,”
It however, scheduled a meeting in Sao Tome for May to discuss fishing resources and security in the area.
The statement also said that the JDA cannot be considered to be “a failed project” because its has not, “after 12 years, reached the targets it set out at the beginning.”
The JDZ had earlier been scheduled to begin production in 2010, but the goal was not realisable due to some issues that militated against further implementation of the project.
The treaty for joint oil exploration in the zone, signed in February 2001, divided revenue from the area as 60 per cent for Nigeria and 40 per cent for Sao Tome and Principe.
The project faced the first hurdle few years later when Nigeria accused the Sao Tome government of trying to make the signing of the contract unviable, a charge denied by the Sao Tome authorities.
The Sao Tome government said that Nigeria was attempting to pressure it into finishing the contract process, without being aware of alleged last minute changes implemented by one of bloc 4’s operators.
Since then, oil production has not started in the waters of the nation, even as future oil revenues are expected to revolutionise the Sao Tome’s economy.
The largest expectations for a future oil production in Sao Tome and Principe are so far connected to the joint development zone of 34.504 square kilometres. The zone is located close to some of the region’s major oil producing areas in the exclusive territorial waters of Nigeria and Equatorial Guinea.
The presence of similar geological conditions in the Nigeria-Sao Tome zone has made experts assume that the joint zone holds between six and 12 billion barrels of crude oil.
Arabs = Ipic = Cepsa . . . ?
Thanks kingpin. Sounds like they are lining up all the ducks. Hope they all are loaded with oil. Its our turn to find oil.
Afrens small JDZ block& report 1 Pdf ..
Nigeria São Tomé and Príncipe
JDZ Block 1
Working interest 4.4%*
Operator Total
Work programme Withdrawal of licence
Overview
JDZ Block 1 extends over approximately 700 km2
in water depths ranging from 5,249 to 5,905 ft.
During the first half of 2012, Total commissioned and completed the drilling of two appraisal wells on the block, the Obo-2 well and
the Enitimi-1 well, both encountering oil and gas pay. Ultimately, the oil and gas pay was evaluated to be sub-commercial and
Afren is in the process of withdrawing its participation from the licence.
Quotes were directly from Dan k or the web link, equipment can quickly be subject to lighting or flooded areas in my first hand experience.
If memory serves they said the same about many deep water unexplored areas like the gulf of mexico.....etc.. jdz has lots of oil just needs the right approach.
And NO we never got a real report on what they encountered at least not in english. They drilled too shallow IMO in all test wells.
All the good previous finds surrounding us were deeper.
Dynamite and buckets, that would be unconventional. Great news but I dont understand. How in the world can they say production in only 18 months? Production of what? Are they using submersibles to hook onto existing well heads and tether up? Thought it wasnt commercial?
Investors are people with personal reasons to sell. Weather does affect seismic crews greatly. I have been here for 14 years and am certainly not selling now. Anyone who does must have other reasons besides common sense or a very low basis. ERHC is on schedule and done everything they promised they would do and we have a awesome partner in CEPSA.
I seriously doubt any long timers here would throw in your towel and take such a huge loss at such a critical point now. ERHC has a very good chance in the next 12 months to find significant oil reserves. In addition what the heck good would 6 or 5 cents do for anyone. Seriously you must be joking.
So little to lose - so much to gain right now imo.
"The 2D seismic survey is scheduled this spring in compliance with the exploration work program approved by the Government of Kenya. No focus areas have been disclosed to date. No date for finishing the 2D seismic acquisition have been disclosed to date. "
There are too many unknowns to promise specific dates, Im sure we will hear when they actually start shooting.
3. EXPECTED SEASONAL RAINFALL DISTRIBUTION
The distribution, both in time and space, of March to May 2014 “Long-Rains” is likely to be generally good,
over most parts of western and Central Kenya. Poor rainfall distribution is, however, expected over the eastern sector of the country and more so in the Arid and Semi-Arid Lands (ASALs).
? In Northwestern Kenya, the rainfall performance is likely to be highly depressed in March but enhanced
in April and May.
? Generally depressed rainfall is expected over the western highlands, Lake Basin, central Rift Valley and
the central highlands including Nairobi in March. It is, however, expected to be enhanced in April and May.
Snayeman whats your problem man, its not bull sS&^% I worked in seismic crews 30 years ago, rain is a big deal, we all talked about this rainy season delay months ago here. Look at the forecast (below link), yes wetter than usual and even in NW Kenya! I doubt they will have a long delay maybe 30 or 40 days total.
Thats the problem here on this board, total rejection of any news or statement. Fly off at the handle and accuse. Be patient, learn and stay informed. Why keep making yourselves miserable. You have to trust someone at least sometimes, "trust but verify" is a good motto.
http://www.meteo.go.ke/ranet/Wx/seasonal.pdf
Just be glad ERHC is actually involved currently in exploration.
Here's more news...
It is still the rainy season in Kenya, so dont expect work to start for at least a month and perhaps longer. As far as I know they are still on track to commence work on the seismic survey this spring.
Anyone can email him. Look it up at erhc.com
Per Dan today.
The results of the FTG survey have not been made public. This is highly protected and valuable intellectual property of the contracting parties for Kenya Block 11A. As such, the FTG survey findings are proprietary, private and confidential as well as material information that would be illegal for the Company to selectively disclose under Regulation FD.
The survey findings are being used to guide decisions related to the focus areas for shooting 2D seismic this spring. After the seismic has been acquired, the FTG and seismic data will be used to identify leads and prospects in the focus areas.
the 2D seismic will be used to identify leads and prospects. The 2D seismic survey is scheduled this spring in compliance with the exploration work program approved by the Government of Kenya. No focus areas have been disclosed to date. No date for finishing the 2D seismic acquisition have been disclosed to date. Below is the exploration work program as disclosed in the Company’s annual 10-K filing with the SEC, which is posted on the ERHC website: http://www.sec.gov/Archives/edgar/data/799235/000114036113047301/form10k.htm.
Exploration Work Program
The PSC with the Government of Kenya obliges ERHC to carry out the following minimum work program:
(A) During the Initial Exploration Period of Two (2) Contract Years – Minimum Work and Expenditure Obligations:
· Acquire and interpret 1,000 km2 of gravity and magnetic data (at a minimum cost of US $ 250,000) and
· Acquire and interpret 1,000 Km/line of 2D seismic data (at a minimum cost of US $ 10,000,000)
(B) During the First Additional Exploration Period of Two (2) Contract Years: Minimum Work and Expenditure Obligations to:
· Acquire 750 km2 high density of 3D seismic data (at a minimum cost of US $ 30,000,000), or
· Drill one (1) well to a minimum depth of 3,000 m (at a minimum cost of US $30,000,000)
(C) During the Second Additional Exploration Period of Two (2) Contract Years: Minimum Work and Expenditure Obligation to drill one (1) well to a minimum depth of 3,000m (with minimum expenditure of US $ 30,000,000).
Is CEPSA agreeing to do the 2d? We dont even know for sure they are even going forward with 2d.
In our latest news release, ERHC stated that the contracting parties (CEPSA and ERHC) will proceed with the 2D seismic.
Ya think 5 billion invested in 2012 is change?
Kenya Discovers Oil, Natural Gas In Lamu
March 14, 2014 Editor Business, Energy, Strategies & Solutions
VENTURES AFRICA – Oil exploration is the real deal in Kenya at the moment, as exploration companies have struck black gold repeatedly in recent times.
The latest find was at the tourist town of Lamu where UK-based independent oil and gas exploration firm, British Gas had been working.
“British Gas Group has found oil and natural gas,” Energy Cabinet Secretary Davies Chirchir announced to a forum of energy sector stakeholders in Nairobi.
He added however that the discovery was “very prospective”, but not commercial.
The find adds to successful discoveries earlier in the year at Lokichar, near Lake Turkana by another British company Tullow Oil who has been in Kenya for three years.
British Gas’ find, according to Chirchir is located “next to Mbawa 1 and block L4 (licensed to Zarara), all in Lamu County with a high potential for gas”.
BG Group holds 45 percent stake in the block and is therefore the operator. Other partners include Thailand’s PTTEP (15 per cent) and Pancontinental Oil & Gas (15 per cent).
Discoveries made by Tullow have placed Kenya in a position where it is regarded as a promising frontier in the oil and gas industry. Already, the East African country plans to drill ten wells in different basins before the year-ends.
Kenya’s first ever find was made by a consortium led by US firm Apache Corporation in September 2010. The country had since grown the exploration side of its oil and gas industry, with new finds signifying a bright future for the industry.
Kenya’s economic growth would be boosted by oil revenues once commercial production starts. The country boasts of a 600 million barrel deposit as part of its several finds.
For Lamu, a UNESCO world heritage site that relies on tourism as the mainstay of its economy, the find was a great one, and is expected to reshape the future of the Kenyan island.
Foreign investment has continued to grow since a 2012 record of $5 billion, according to the International Monetary Fund (IMF). The new industry is expected to attract more investments, as Kenya’s fledgeling oil industry brews with opportunities foreign and local investors can take advantage of.
Read more at http://www.stockhouse.com/companies/bullboard/v.smb/simba-energy-inc#MBBURmZVxMzDPsIY.99
Taipan arranges $6-million placement
2014-03-21 07:16 ET - News Release
Mr. Joel Dumaresq reports
TAIPAN RESOURCES INC. ANNOUNCES $6,000,000 PRIVATE PLACEMENT
Taipan Resources Inc. is proceeding with a non-brokered private placement to raise up to $6-million through the issuance of up to 16,666,667 units at a price of 36 cents per unit. Each unit will consist of one common share of the company and one transferable share purchase warrant, with each warrant entitling the holder to purchase an additional common share of the company for a period of four years at an exercise price of 50 cents. All securities issued pursuant to the private placement will be subject to a statutory hold period of four months and one day.
The company may pay a finder's fee on all or a portion of the private placement. The company intends to use the proceeds from the private placement for exploration expenditures and for general working capital purposes. Completion of the private placement is subject to the approval of the TSX Venture Exchange.
We seek Safe Harbor.
Read more at http://www.stockhouse.com/companies/bullboard/v.smb/simba-energy-inc#vxzFg0cCsAHFUSuU.99
This discussion is laughable, its very simple really. IF the seismic looks promising then doors will open. It only makes sense CEPSA has first right of refusal for example. Nothing happens till seismic is marketed. Investors will gladly invest if the data looks good.
Some of you guys are impatient and have not been in wildcat plays before apparently. Its frequently bleak just before the "big bang". Oil guys always drill more dry holes than wet. The key is to hang in there long enough and keep swinging till oil is found. You really dont want the BOD releasing fluff lies and exaggerations and they wont, here. They will release information when its allowed, accurate and real.
If the share price keeps falling youll know the seismic looks bad before they announce it. We may already be down this path based on SP lately.
ERHC featured in logistic update Africa
Thursday, Mar 13, 2014
Dr. Peter Thuo, general manager of ERHC Energy Kenya, was prominently featured in the article, "Africa's oil and gas boom," in the latest issue of Logistics Update Africa. Download the article by clicking the image of the cover.
In the article, Dr. Thuo is quoted as saying:
"East Africa is the new emerging petroleum province. There have been spectacular exploration successes in teh Tertiary Rift basins of Uganda and Kenya where oil and gas has been discovered as well as in the continental margin off Mozambique and Tanzania where multi-trillioncubic feet of gas has been discovered."
Dr. Thuo also discussed the options for getting oil discovered throughout the region to market, saying he expects one such option to be the construction of a refinery in Uganda to serve the domestic and regional market as well as a pipeline to export crude through Kenya.
"The pipeline from Uganda will most likely be constructed through northern Kenya discoveries allowing hook up to serve exports from Kenyan fields in future,” said Dr Thuo.
ERHC holds a 35 percent share of Block 11A in northwestern Kenya. The Block is in the vicinity of Block 10BB in which significant oil discoveries have recently been announced.
Last month, ERHC announced the completion of a farm-out agreement of a portion of its interests to CEPSA, which is now operating the Block. CEPSA is carrying ERHC's proportionate share of obligations and financial costs under the terms outlined in the farm-out agreement.
The parties expect to commence a 2D seismic survey of at least 1,000 line kilometers during the spring of 2014.
CEPSA and ERHC are going to do their best to find oil. Details matter not. Finding oil does. We should be happy ERHC is still in the game. As far as insider information, its can be a healthy practice just as long as you dont trade on the information and I seriously doubt most stockholders need anymore shares at this juncture or would risk buying on non public disclosed information. Again most insider information is fine, what you do or do not do with it is the key. Bring on the drill bit!
That being said you might get your hand slapped for: Regulation Fair Disclosure,[1] also commonly referred to as Regulation FD or Reg FD, is a regulation that was promulgated by the U.S. Securities and Exchange Commission (SEC) in August 2000.[2] The rule mandates that all publicly traded companies must disclose material information to all investors at the same time.
http://www.mofo.com/files/Uploads/Images/FAQs-Regulation-FD.pdf read page 3
http://en.wikipedia.org/wiki/Insider_trading
Loki, Your spot on, using the ignore feature is like changing the TV channel. Just go to settings and set it up. Seems CEPSA clearly stated thier involvement is dependant and conditional based on the outcome of the seismic. Read here.:
http://www.cepsa.com/cepsa/Who_we_are/Press_Center_/Press_Releases/CEPSA_acquires_55__of_an_exploratory_block_in_Kenya
The agreement, made after securing all necessary approvals from the Government of Kenya, includes participating in the acquisition of 1,000 kilometres of 2D seismic prospecting in 2014.
Based on the outcome.
Based on the outcome, CEPSA will be able to continue with the exploratory work by committing to acquire further seismic prospecting or drilling its first well before September 2016.
They have 10,000 employees and know what they are doing ...look at Peru.
[b]Positive results from CEPSA's first oil well in Peru
Compañía Española de Petróleos S.A.U. (CEPSA), as part of its current exploratory work in Peru, has drilled an exploratory well which is yielding encouraging results in block 131 of the Ucayali basin to the east of Lima. Additional work will be done to evaluate these preliminary results, which will enable us to determine the viability of the project.
Los Ángeles 1XST is the first exploratory well that CEPSA has drilled in Peru since it started operating in the country in 2007. It currently holds three exploratory licences in the Marañón basin (block 130), to the north of the country and from Ucayali, to the east: blocks 114 and 131, in which CEPSA has 100%, 60% and 70% shares, respectively.
CEPSA will continue to work in the area in accordance with its commitment to establish an environment of trust and integration with the communities in the areas where it operates and to show the utmost respect for the environment, giving priority to people's safety.
CEPSA is an energy group which is wholly owned by IPIC, employing more than 10,000 people and operating at every stage of the hydrocarbon value chain. It is engaged in petroleum and natural gas exploration and production activities; refining, transport and sale of crude oil and natural gas derivatives; biofuels, cogeneration and electricity sales. CEPSA has an important petrochemicals division which is closely integrated with its oil refining activities. The company manufactures and markets raw materials for producing high added-value products used mainly to produce new generation plastics and biodegradable detergents CEPSA has a notable presence in Spain and, with the gradual internationalisation of its activities, it now also conducts its business in Algeria, Brazil, Canada, China, Colombia, Panama, Peru and Portugal, thereby marketing its products worldwide.
http://www.1derrick.com/sao-tome-shortlists-four-cos-in-oil-block-licensing-round/12895/
Sao Tome Shortlists Four Cos in Oil Block Licensing RoundFEBRUARY 7, 2014
LICENSING ROUNDS,REGION - AFRICA Sao Tome Shortlists Four Cos in Oil Block Licensing Round
Source: Sao Tome Licensing Round Press Release The government of Sao Tome and Principe has shortlisted four companies to bid on Blocks 1 and 6, located in its offshore exclusive economic zone, according to a statement released by the country’s national oil company. Galp Energia and New World Oil and Gas will compete for both blocks. Blue Skies World Group is bidding on Block 1, while London Global Energy is seeking to acquire Block 6. "The result of the analysis of expressions of interest will be announced shortly," the statement said. Sao Tome began awarding offshore blocks after signing an agreement with Nigeria in 2001 to jointly develop acreage in waters between the two countries. However, the country has been slower to attribute blocks in the territorial waters surrounding its two main islands. Last year, the Sinopec-Sonangol JV known as Sinoangol acquired Block 2 in Sao Tome's exclusive economic zone, promising to invest $154 million to develop the concession.
YES SIR! JUST NEED OIL NOW. How can we access the FTG results?
Already EHRC has carried out an airborne Full Tensor Gravity Gradiometry (FTG) survey of Block 11A that confirmed the Lotikipi basin (Kenya’s largest aquifer) extends to the block.
The parties have announced a planned 2D seismic survey of at least 1,000 line kilometers, which is expected to commence during the spring of 2014. The survey will be conducted by BGP Kenya Limited, one of the world’s leading geophysical service companies.
Final results are expected to significantly advance the exploration team’s understanding of the internal structure of the Lotikipi rift basin and enable the identification of the most prospective areas.
These oil export pipelines are also designed to meet the increasing quantity of oil produced in South Sudan and the demand in Ethiopia and Kenya.
With the support of International oil companies (IOCs), South Sudan expects to increase production from the actual 350,000 b/d to 500,000b/d.
Toyota Tsusho to work on the $3 billion Kenya pipeline
Nagoya-based in Japan, Toyota Tsusho announced last June to have completed the feasibility study for the South Sudan Kenya oil export pipeline.
From this feasibility study, the South Sudan Kenya pipeline should be 2,000 kilometers long and should require $3 billion capital expenditure.
Now Toyota Tussho and the South Sudan Government are working on a new contract for the engineering, procurement and construction (EPC) of the Kenya pipeline.
In parallel and to speed up the construction of the pipeline, Toyota Tsusho signed a MOU with the Kenya Government for multiple activities.