Kenyan government has approved a joint venture agreement with three foreign firms to begin exportation of 2,000 barrels of crude oil by June 2017, the President’s office has said.
President Uhuru Kenyatta met executives of the three foreign firms forming a joint venture to discuss the exportation of crude oil under what is known as the “Early Oil Project.”
The President was briefed on the progress of the Early Oil Pilot Scheme at State House, Nairobi, by the Ministry of Energy and Petroleum and the Kenya Joint Venture partners, Tullow Oil, Africa Oil Corp and Maersk Oil, the Presidential Strategic Communications Unit (PSCU) said.
Energy Minister Charles Keter and Principal Secretary Andrew Kamau held talks with the Kenya Joint Venture partners represented by Tullow Oil Chief Operating Officer Paul McDade, Timothy Thomas (Africa Oil) and Kevin Kennelley (Maersk Oil).
“The partners confirmed to the President that their companies have approved the Final Investment Decision (FID) for the Early Oil Pilot Scheme (EOPS),” the PSCU stated, indicating that the scheme would tap into existing wells in Turkana County to produce 2,000 barrels of oil per day.
Oil will be transported to Mombasa by road, an important step towards full field development of the oil discoveries in blocks 10BB and 13T in Turkana County.
The Government and the Turkana County administration will work closely with the joint venture partners in commencing export by the set time.
“President Kenyatta commended the team for the progress made so far and assured them of his full support in ensuring the project is successful,” the PSCU said.
McDade appreciated the government’s commitment to the project and expressed optimism that it will be successful.
Source: NAM NEWS NETWORK