Jump to content
BANGKOK

Archived

This topic is now archived and is closed to further replies.

stander

Uganda, Kenya, set to position E. Africa as next oil frontier

Recommended Posts

Uganda and Kenya are set to position East Africa as the next oil development frontier, Bloomberg Intelligence has said.
The note based the findings on the discovery of several onshore deposits. They include the billion-barrel potential at Uganda’s Lake Albert and Kenya’s South Lokichar Basin.
“While early-stage, with full development not expected until 2020 or later, accelerating drilling activity, resource delineation and project advancement will deliver a pipeline of near-term catalysts for licence holders and investors,” said Bloomberg Intelligence industry analyst Will Hares.
The report further noted that investors seeking exposure to onshore East African oil developments have a wide range of options. Until now, both Kenya’s and Uganda’s economies have been agriculture based.
Despite the rosy projections, the report said obstacles including security risks, regional geopolitics, pipeline construction and capital outlays face the regional oil development activities.

http://www.monitor.co.ug/Business/Prosper/Uganda-Kenya-position-E--Africa-oil-frontier/688616-3403716-sp0rfb/index.html

Share this post


Link to post
Share on other sites

  • Recently Browsing   0 members

    No registered users viewing this page.

×
×
  • Create New...