Post by Onyango Oloo on Oct 14, 2005 23:52:50 GMT 3
Chinese seek Kenyan oil exploration rights
NAIROBI, Kenya, Oct. 14 (UPI) -- China National Offshore Oil Co. is seeking Nairobi's permission to explore for hydrocarbons along the African nation's coast.
Specifically, CNOOC wants permission to evaluate six blocks of the Lamu region, the official Xinhua news agency reported Friday.
Kenya's energy secretary said he was talking with the Chinese because "European firms delay and make very many demands before the actual exploration begins. We hope by mid next month we will be signing a production sharing contract for six blocks with CNOOC of China," Patrick Nyoike said.
Kenya is a net importer of oil.
© Copyright 2005 United Press International, Inc. All Rights Reserved.
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Kenya to sign oil search deal with China's CNOOC
Thu Oct 13, 2005 2:21 PM GMT
By David Mageria
NAIROBI (Reuters) - Kenya said on Thursday it will sign an agreement with China's CNOOC Ltd next month to prospect for oil and gas in six blocks in the north and south of the country.
"We hope by mid next month we will be signing a production sharing contract for six blocks with CNOOC of China," Patrick Nyoike, the permanent secretary in the energy ministry, told Reuters.
He said negotiations for the agreement, which began last month, ended positively on Wednesday.
Nyoike said the talks with CNOOC Ltd was part of the government's strategy to turn to the Far East for investment. The entry of CNOOC, China's top offshore oil producer, will be the latest of a growing list of foreign firms tapping Kenya's market.
Already active is Australia's Woodside Petroleum Ltd. which hopes to drill Kenya's first offshore deepwater well in L-5 block by the second quarter of next year.
"They wanted to do it this year but they couldn't get a drilling ship. It has become very difficult to get a ship because of high (oil) prices," Nyoike told Reuters.
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Kenya in talks with China's CNOOC over oil exploration
www.chinaview.cn 2005-10-14 01:30:29
NAIROBI, Oct. 13 (Xinhuanet) -- Kenya is negotiating with Chinese oil company CNOOC to kick-start fresh exploration of natural gas and oil explorations along the coastal strip of Lamu, which is believed to posses massive oil deposits, officials said here Thursday.
Kenyan Energy Permanent Secretary Patrick Nyoike said an agreement with CNOOC Ltd to prospect for oil and gas in six blocks in the north and south of the country was in the making.
"We have decided to negotiate with China because European firmsdelay and make very many demands before the actual exploration begins. We hope by mid next month we will be signing a production sharing contract for six blocks with CNOOC of China," Nyoike told a media briefing in Nairobi.
Nyoike said the talks with CNOOC was part of Kenyan government's strategy to turn to the Far East for investment.
CNOOC, also known as China National Offshore Oil Company, is China's top offshore oil producer.
Kenya is a net importer of oil which accounted for 22.5 percentof total imports in the year to June 2005, according to statistics of Kenya's central bank.
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Publisher of Engineering News, Mining Weekly and Polity
Kenya to sign oil search deal with China's CNOOC
Kenya said yesterday it will sign an agreement with China's CNOOC next month to prospect for oil and gas in six blocks in the north and south of the country.
"We hope by mid next month we will be signing a production sharing contract for six blocks with CNOOC of China," Patrick Nyoike, the permanent secretary in the energy ministry, told Reuters.
He said negotiations for the agreement, which began last month, ended positively on Wednesday.
Nyoike said the talks with CNOOC was part of the government's strategy to turn to the Far East for investment. The entry of CNOOC, China's top offshore oil producer, will be the latest of a growing list of foreign firms tapping Kenya's market.
Already active is Australia's Woodside Petroleum which hopes to drill Kenya's first offshore deepwater well in L-5 block by the second quarter of next year.
"They wanted to do it this year but they couldn't get a drilling ship. It has become very difficult to get a ship because of high (oil) prices," Nyoike told Reuters.
He said of the six blocks CNOOC Ltd is considering, one of the offshore blocks, block L-4, near Lamu, had potential gas reserves.
"In the 1980s, a well was sunk, about 4 000 meters below ground and they came across gas, in those days nobody was interested in gas," Nyoike said.
"In block 9 which is onshore, the chances are promising geologically, but we don't know what is underground," Nyoike said, adding that block 9 is also very close to Lamu.
He had earlier addressed a meeting of experts preparing the privatisation of state-owned Kenya Electricity Generating Company (KenGen).
Nyoike said that power generation through natural gas turbines was the answer to lowering the cost of electricity in Kenya which local businesses say are 4 to 5 times higher than competitors in Egypt and South Africa pay.
Kenya depends on hydropower dams for about 70% of its power supply. But the government has said it plans to diversify its sources of energy because of the unpredictability of weather.
Kenya is a net importer of oil which accounted for 22,5% of total imports in the year to June 2005, according to central bank statistics.
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See also:
demokrasia-kenya.blogspot.com/2005/08/why-is-narc-not-levelling-with.html
216.17.145.92/news/2005/02/253.php
demokrasia-kenya.blogspot.com/2005/02/have-chinese-thrown-life-line-to.html
NAIROBI, Kenya, Oct. 14 (UPI) -- China National Offshore Oil Co. is seeking Nairobi's permission to explore for hydrocarbons along the African nation's coast.
Specifically, CNOOC wants permission to evaluate six blocks of the Lamu region, the official Xinhua news agency reported Friday.
Kenya's energy secretary said he was talking with the Chinese because "European firms delay and make very many demands before the actual exploration begins. We hope by mid next month we will be signing a production sharing contract for six blocks with CNOOC of China," Patrick Nyoike said.
Kenya is a net importer of oil.
© Copyright 2005 United Press International, Inc. All Rights Reserved.
****************
Kenya to sign oil search deal with China's CNOOC
Thu Oct 13, 2005 2:21 PM GMT
By David Mageria
NAIROBI (Reuters) - Kenya said on Thursday it will sign an agreement with China's CNOOC Ltd next month to prospect for oil and gas in six blocks in the north and south of the country.
"We hope by mid next month we will be signing a production sharing contract for six blocks with CNOOC of China," Patrick Nyoike, the permanent secretary in the energy ministry, told Reuters.
He said negotiations for the agreement, which began last month, ended positively on Wednesday.
Nyoike said the talks with CNOOC Ltd was part of the government's strategy to turn to the Far East for investment. The entry of CNOOC, China's top offshore oil producer, will be the latest of a growing list of foreign firms tapping Kenya's market.
Already active is Australia's Woodside Petroleum Ltd. which hopes to drill Kenya's first offshore deepwater well in L-5 block by the second quarter of next year.
"They wanted to do it this year but they couldn't get a drilling ship. It has become very difficult to get a ship because of high (oil) prices," Nyoike told Reuters.
***********
Kenya in talks with China's CNOOC over oil exploration
www.chinaview.cn 2005-10-14 01:30:29
NAIROBI, Oct. 13 (Xinhuanet) -- Kenya is negotiating with Chinese oil company CNOOC to kick-start fresh exploration of natural gas and oil explorations along the coastal strip of Lamu, which is believed to posses massive oil deposits, officials said here Thursday.
Kenyan Energy Permanent Secretary Patrick Nyoike said an agreement with CNOOC Ltd to prospect for oil and gas in six blocks in the north and south of the country was in the making.
"We have decided to negotiate with China because European firmsdelay and make very many demands before the actual exploration begins. We hope by mid next month we will be signing a production sharing contract for six blocks with CNOOC of China," Nyoike told a media briefing in Nairobi.
Nyoike said the talks with CNOOC was part of Kenyan government's strategy to turn to the Far East for investment.
CNOOC, also known as China National Offshore Oil Company, is China's top offshore oil producer.
Kenya is a net importer of oil which accounted for 22.5 percentof total imports in the year to June 2005, according to statistics of Kenya's central bank.
************
Publisher of Engineering News, Mining Weekly and Polity
Kenya to sign oil search deal with China's CNOOC
Kenya said yesterday it will sign an agreement with China's CNOOC next month to prospect for oil and gas in six blocks in the north and south of the country.
"We hope by mid next month we will be signing a production sharing contract for six blocks with CNOOC of China," Patrick Nyoike, the permanent secretary in the energy ministry, told Reuters.
He said negotiations for the agreement, which began last month, ended positively on Wednesday.
Nyoike said the talks with CNOOC was part of the government's strategy to turn to the Far East for investment. The entry of CNOOC, China's top offshore oil producer, will be the latest of a growing list of foreign firms tapping Kenya's market.
Already active is Australia's Woodside Petroleum which hopes to drill Kenya's first offshore deepwater well in L-5 block by the second quarter of next year.
"They wanted to do it this year but they couldn't get a drilling ship. It has become very difficult to get a ship because of high (oil) prices," Nyoike told Reuters.
He said of the six blocks CNOOC Ltd is considering, one of the offshore blocks, block L-4, near Lamu, had potential gas reserves.
"In the 1980s, a well was sunk, about 4 000 meters below ground and they came across gas, in those days nobody was interested in gas," Nyoike said.
"In block 9 which is onshore, the chances are promising geologically, but we don't know what is underground," Nyoike said, adding that block 9 is also very close to Lamu.
He had earlier addressed a meeting of experts preparing the privatisation of state-owned Kenya Electricity Generating Company (KenGen).
Nyoike said that power generation through natural gas turbines was the answer to lowering the cost of electricity in Kenya which local businesses say are 4 to 5 times higher than competitors in Egypt and South Africa pay.
Kenya depends on hydropower dams for about 70% of its power supply. But the government has said it plans to diversify its sources of energy because of the unpredictability of weather.
Kenya is a net importer of oil which accounted for 22,5% of total imports in the year to June 2005, according to central bank statistics.
************
See also:
demokrasia-kenya.blogspot.com/2005/08/why-is-narc-not-levelling-with.html
216.17.145.92/news/2005/02/253.php
demokrasia-kenya.blogspot.com/2005/02/have-chinese-thrown-life-line-to.html