Subscribe to our newsletters

Sign up to our morning and evening newsletters for Garowe's well curated list of our daily highlights.

Garowe Online
  • Home
  • Somalia
  • World
    • Africa
  • National Security
  • Environment
  • Opinion
    • Editorial
    • Cartoons
  • Sports
No Result
View All Result
  • Login
  • Register
Garowe Online
  • Home
  • Somalia
  • World
    • Africa
  • National Security
  • Environment
  • Opinion
    • Editorial
    • Cartoons
  • Sports
No Result
View All Result
Garowe Online
No Result
View All Result

Kenya’s search for Indian Ocean oil fails

Author
04/02/2022
in Business
Reading Time: 2 mins read
5
SHARES
78
VIEWS
Share on FacebookShare on Twitter

NAIROBI, Kenya –The quest by Kenya to search for oil failed after experts could not locate offshore deposits at Mlima-1 better known as Lamu Basin, along with coastal Kenya with the little that could be located termed as “economically unviable”.

You might also like

Clandestine oil deal with American firm haunts Somalia

How Somalia’s government disregarded advisory warning against oil deal

Taiwan targets Somaliland’s mining sector

Eni group, the Italian mining company, tasked for exploration, said the oil failed to hit commercial reserves that are internationally accepted. This effectively means the project cannot proceed from there.ย 

This technically means Kenya ought to wait for some time before locating the offshore oil. Last year, the country was dealt with a blow after the International Court of Justice ruled favoring Somalia over the disputed maritime border.

While production was years off, even in the event of big oil discovery, the latest results have killed Kenyaโ€™s dreams of exploiting what is believed to be huge offshore oil and gas deposits, for now, the East African reports.

Geologists predicted that about 4.5 billion barrels of oil could be lying deep in Indian Ocean waters.ย  Early data had indicated the existence of oil reserves, what is technically referred to as โ€˜โ€˜an active petroleum systemโ€™โ€™ in the area.

Had Lamu Basin managed to produce oil, it could have joined Turkana Countyโ€™s South Lokichar sub-basin, which is yet to be commercialized. Tullow Oil company from Britain was tasked to explore and has since managed to produce thousands of barrels.

The Eni well is located approximately 170km from the coast, underneath the ocean seabed, where Eni has been prospecting and drilling for oil. Eniโ€™s drillship, SAIPEM 12000, has been on location within Block L11B since late December 2021, the East African adds.

GAROWE ONLINE

Tags: KenyalamuOil

Sign Up For Our Newsletter

Subscribe to our mailing list to receives daily updates direct to your inbox!

Share2Tweet1
Previous Post

Somalia rejects China’s attempt to establish a military base

Next Post

Why Somalia must review its amnesty policy on al-Shabaab

Recommended For You

Clandestine oil deal with American firm haunts Somalia

04/20/2022
Clandestine oil deal with American firm haunts Somalia

WASHINGTON- An oil dispute between an American firm and the federal government of Somalia has turned out to be a ticking bomb, just months after Mogadishu nullified it...

Read more

How Somalia’s government disregarded advisory warning against oil deal

02/23/2022
How Somalia’s government disregarded advisory warning against oil deal

๐•„๐•†๐”พ๐”ธ๐”ป๐•€๐•Šโ„๐•Œ,๐•Š๐• ๐•ž๐•’๐•๐•š๐•’ - The Federal Government of Somalia , after all, disregarded an advisory opinion over exploration of oil and subsequent deal with an American firm just before the...

Read more

Taiwan targets Somaliland’s mining sector

02/09/2022
Taiwan targets Somaliland’s mining sector

Somaliland's Foreign Affairs Ministerย Essa Kayd Mohamoud has asked the Republic of China to invest in the breakaway region's mining sector, noting that it has vast economic potential. The...

Read more

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related News

How women are contributing to Al-Shabaab insurgency in Somalia

How women are contributing to Al-Shabaab insurgency in Somalia

07/28/2022
Ethiopian drone strike kills 17 on day of Biden-Abiy call

Ethiopian drone strike kills 17 on day of Biden-Abiy call

01/11/2022
Somalia Elections Series: Farmaajoโ€™ s report card, a year after his mandate ended

Somalia Elections Series: Farmaajoโ€™ s report card, a year after his mandate ended

04/11/2022

Browse by Category

  • Africa
  • Business
  • Business
  • Cartoons
  • Editorial
  • Environment
  • National Security
  • News
  • Opinion
  • Politics
  • Somalia
  • World
Garowe Online

The independent news Web site GaroweOnline.com is the online sister publication of Radio Garowe, a community radio station based in Garowe, the State capital of Puntland, a self-governing region in northern Somalia.

CATEGORIES

  • Africa
  • Business
  • Business
  • Cartoons
  • Editorial
  • Environment
  • National Security
  • News
  • Opinion
  • Politics
  • Somalia
  • World

BROWSE BY TAG

Abdirahman Abdishakur Abiy Ahmed africa Africom Al-Shabaab Al shabaab alshabaab AMISOM ATMIS Biden Danab election elections Eritrea Ethiopia Fahad Yasiin farmajo featured federal Hassan Shiekh Journalist Kenya Madeira mogadishu NISA Oil Parliament Police Puntland roble Rooble Said Dani SNA somalia somaliland Tigray Turkey UAE Ukrain UN US USA Villa Somalia WFP world

Copyright ยฉ GAROWONLINE All Rights Reserved

No Result
View All Result
  • Home
  • Somalia
  • World
    • Africa
  • National Security
  • Environment
  • Opinion
    • Editorial
    • Cartoons
  • Sports

Copyright ยฉ GAROWONLINE All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In