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The government has hinted that the oil stalemate in Turkana could be resolved today.
Yesterday, the chief oil secretary, Andrew Kamau, said the memorandum of understanding) between Turkana County officials, parliament deputies and oil companies on the ground would be signed today. Today, the Ministries of Energy and the Interior have to endorse or badist the process.
"The cabinet secretary expects agreement that the agreement will be signed today and as soon as this is done, we will meet with the local communities and Tullow to move on. review the inheritance problem so we can start on a clean slate. "
The British oil and gas company Tullow Oil Plc, Canadian Africa Oil and the French company – Total – lists the three companies that have heavily invested in the Kenyan oil industry whose survival now depends on the Memorandum of Understanding.
Tullow Oil has stopped its oil operations in Mombasa for storage last month after the locals blocked the movement of oil. oil to the coastal city, citing endless insecurity in the region prone to bandits and demanding more jobs … its youth
The PS said yesterday the first signs that an agreement would emergeongoing meetings in Lokichar in the presence of John Munyes Energy CS with a forecast of what he described as "very positive."
Munyes is currently he was docked at a Stakeholder meeting in Turkana involving area chiefs and county representatives to sign the pact, which, if approved on time, could allow resumption of operations and transportation of oil to Mombasa.
Munyes said last week that the oil freeze had left Tullow Oil and its partners with a heavy cost burden estimated at 600 million Sh. Yesterday, Kamau, while he was unveiling the second Quarter Petroleum Insight magazine stated that the stand-off was bleeding 100,000 Shilling each day, highlighting the need for a speedy resolution of the issue.
"The SC is working very hard to ensure the return to oil production in the Lokichar basin, with the stakeholders," he said.
The stalemate that began when locals entered the Ngamia 8 oil fields with their demands. now put at risk ambitious goals by Tullow Oil to produce about 100,000 barrels of oil a day by 2022.
The company is currently targeting an investment decision on its Kenyan project, including the total gross investment expenditure badociated with the founding phase is expected to be $ 2.9 billion ($ 291.5 billion), or $ 1.8 billion ($ 180.9 billion). upstream and 1.1 billion dollars (110 billion shillings) for the construction of a pipeline with an investment decision upstream and expected in 2019.
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