Africa Oil Corp (AOIFF)

[douginil]

KJV Plans 2 Phased Development in Kenya’s South Lokichar Fields

February 28, 2018

The Kenya joint venture partners (KJV) comprising of Tullow Oil, Africa Oil, Maersk O&G and the Kenya government are now aligned on phased development that will limit upfront capital expenditures while allowing a Kenyan export pipeline to move forward.

According to a report by Africa Oil the South Lokichar Developement phases include Phase 1 – Amosing and Ngamia Sweet Spots with a targeted production of 60 – 80k BOPD to utilise 240mmbbl while Phase 2 (contingent) western fields with an estimated 560mmbbl cumulative and phase3 (Contingent) of Northern Fields and Exploration Upside targets a production of between 100-120k BOPD.

The South Lokichar Development phase 1 targets a first oil date of 2021/2022 with the KJV is planning to reach a final investment decision of 2019.


Read More and view graphics and map at:
http://www.oilnewskenya.com/kjv-plans-2-phased-development-kenyas-south-lokichar-fields/