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‘Incredible increase’ in oil, gas in East Africa
Fuel Fix ^ | June 21, 2013 | Associated Press

Posted on 06/22/2013 11:25:14 AM PDT by thackney

East Africa is in the middle of an incredible energy boom that is likely to last decades, according to energy industry executives who gathered this week in Kenya’s capital in a sign of the region’s growing prominence.

The last couple of years have seen significant oil and gas discoveries in Kenya, Uganda, Tanzania and Mozambique. Even Somalia hopes to get onboard though security woes and a lack of regulation make the likelihood still years away.

“This region was definitely underexplored in the last decade,” said Martin Trachsel, the chief executive of South Atlantic Petroleum Limited. “Most companies were exploring in West Africa. It’s part of a general trend of people looking for more oil.”

New technology also has contributed to the string of new discoveries, he said.

“The industry is innovative. It always finds new plays and new ways of finding oil and gas,” Trachsel said.

Kenya’s president announced last year that oil had been discovered there for the first time. Tullow Oil, which is carrying the exploration in the region, has reported progress in bringing the oil to market, though no date for that has been announced.

Uganda, which has confirmed oil deposits of about 3.5 billion barrels, wants to extract at least 1.2 billion barrels over the next three decades. That figure could rise when more oil blocks are put up for exploration later this year, potentially making Uganda one of Africa’s top oil producers.

“It won’t be boom and bust. We’re talking about fairly large reserves,” Trachsel said. “It will have a 40-year lifetime or more.”

Allegations of corruption in the oil procurement progress already have dogged the situation in Uganda, though.

(Excerpt) Read more at fuelfix.com ...


TOPICS: News/Current Events
KEYWORDS: africa; carbontax; energy; kenya; kenyanbornmuzzie; mozambique; naturalgas; oil; opec; somalia; tanzania; uganda
Excerpted for AP content

Related links at source

1 posted on 06/22/2013 11:25:15 AM PDT by thackney
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To: thackney

King hussein’s main purpose of the little excursion to the sub-continent. Let the folks know there’s no future in energy production if they want to save the planet. Maybe some of them will tell him to go pound sand. No more pollution. And he really, really means it. Except for all the support equipment that he needs for their little jaunt. Must be nice to be the (p)resident. Like the Atlantic fleet sitting offshore “just in case” they’re needed. Plane loads of bullet proof glass. Humvees. Limos. Evian. Or was it Peligrino.


2 posted on 06/22/2013 11:33:26 AM PDT by rktman (Inergalactic background checks? King hussein you're first up.)
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To: thackney

Forgot. Ya think he’ll have any problem getting support if needed? Unlike the folks at Benghazi who trusted this bufoon to have their backs.


3 posted on 06/22/2013 11:35:39 AM PDT by rktman (Inergalactic background checks? King hussein you're first up.)
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To: thackney

Prediction: Environmentalists will oppose this on the grounds that fracking is making the Great Rift spread even faster..


4 posted on 06/22/2013 11:38:36 AM PDT by ken5050 (Due to all the WH scandals, MSNBC is changing its slogan from "Lean Forward" to "BOHICA")
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To: ken5050

“Environmentalists will oppose this on the grounds that fracking is making the Great Rift spread even faster..”

They would be fed to lions over there.


5 posted on 06/22/2013 11:42:13 AM PDT by HereInTheHeartland (Just wanted to say I hope you great NSA folks are enjoying my posts here.)
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To: HereInTheHeartland

PETA will oppose feeding humans to lions..it’s not part of their natural diet..


6 posted on 06/22/2013 11:50:55 AM PDT by ken5050 (Due to all the WH scandals, MSNBC is changing its slogan from "Lean Forward" to "BOHICA")
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To: thackney

Look for the Chinese, Russians and Muslims to start a serious war in Africa to steal the resources. They are all putting men in place for a while.


7 posted on 06/22/2013 12:03:35 PM PDT by American in Israel (A wise man's heart directs him to the right, but the foolish mans heart directs him toward the left.)
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To: ken5050

Or because we all know peak oil was suppose to happen and this well prove that peak oil wasn’t true after all along with many other finds.


8 posted on 06/22/2013 1:15:13 PM PDT by riverrunner
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To: ken5050

They will also feed PETA people to lions over there


9 posted on 06/22/2013 1:57:38 PM PDT by HereInTheHeartland (Just wanted to say I hope you great NSA folks are enjoying my posts here.)
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To: American in Israel

The Red Chinese are way ahead in grabbing control of East African resources. They have their state controlled Oil and natural resource companies & workers there and have used the mountain of US dollar payments [US -> China for Walmart sh!t] to buy up African governments & resources.


10 posted on 06/22/2013 2:23:10 PM PDT by RicocheT (Eat the rich only if you're certain it's your last meal)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...

Thanks thackney. Reprise:

A map of the Sahel region showing where Al Qaeda operates (AFP/Graphic)

A map of the Sahel region showing where Al Qaeda operates (AFP/Graphic)
Iran Deploys Troops, Ballistic Missiles To Eritrea

11 posted on 06/22/2013 3:11:53 PM PDT by SunkenCiv (McCain or Romney would have been worse, if you're a dumb ass.)
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To: ken5050
I'd say environmentalists have good reason to worry, not about fracking, but about the extremely poor record of pollution control in these countries.

I expect many of these countries will be toxic waste lands before too long, & just as poor as before oil was found.

The Chinese are leading the exploration in much of Africa. We know about China & pollution: Bejing air is so bad only a choking fool would live there & their rivers are every color of the rainbow but blue. You can be sure they will give the African environment even less consideration.

12 posted on 06/22/2013 3:44:05 PM PDT by Mister Da (The mark of a wise man is not what he knows, but what he knows he doesn't know!)
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