GREY:SMBZF - Post by User
Post by
SpaceLabson Sep 20, 2019 3:43pm
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Post# 30149506
Turkana - Lamu Pipeline, now 2 years ahead of Schedule !
Turkana - Lamu Pipeline, now 2 years ahead of Schedule ! Construction of crude crude oil pipeline between Lokichar and Lamu Kenya is set to begin in 2020 instead of 2022 as earlier scheduled.
Mr. Bunu. Lamu East Member of Parliament announced the reports and said the early start is because environmental assessment by ESF Consultants Golder Associates (UK) Limited is nearing completion.
The pipeline will be a joint venture between the government and the Kenya Joint Venture (KJV)- whose shareholders are Tullow, Africa Oil and Total. The development is estimated to cost US $1bn. The pipeline will be 821 km long and will transport around 80,000 barrels of oil per day from the Lokichar oilfields in Northern Kenya to the Lamu seaport. The project will be financed by 70% debt and 30% equity.