Export Pipeline Needed to Catalyze East African Oil Production Boom
With recoverable oil reserve estimates of approximately 750 MMbbl in Uganda and Kenya respectively, and with government share of the reserves expected to be about 30-50%, the potential impact on economic development in these countries could be great. However, new infrastructure, including an export pipeline, is required to enable commercialization of these discoveries, says an analyst with research and consulting firm GlobalData.
Overall oil production in Uganda is forecast to peak at about 200,000 bpd by 2023, while Kenya’s production is estimated to reach 85,000 bpd by 2027, provided the export pipeline is in place.
According to Jonathan Markham, GlobalData’s Upstream Oil & Gas
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