Market reaction: slightly negative given that the pipeline tariff to transport Kenya oil is likely to be higher than with a combined export route with Uganda. We however believe that the amount of oil resources discovered in Kenya supports a much larger plateau production than what the operator, Tullow, has indicated, which is likely to imply a reasonable tariff. We are currently assuming US$9/bbl which will probably not change materially. Agreeing on a solution is also likely to provide more ce ....
25 Apr 2016
TWO DIFFERENT PIPELINES FOR KENYA AND UGANDA
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TWO DIFFERENT PIPELINES FOR KENYA AND UGANDA
Africa Oil Corp. (AOI:TSE) | 0 0 0.7% | Mkt Cap: 634.0m
- Published:
25 Apr 2016 -
Author:
Stephane Foucaud -
Pages:
2
Market reaction: slightly negative given that the pipeline tariff to transport Kenya oil is likely to be higher than with a combined export route with Uganda. We however believe that the amount of oil resources discovered in Kenya supports a much larger plateau production than what the operator, Tullow, has indicated, which is likely to imply a reasonable tariff. We are currently assuming US$9/bbl which will probably not change materially. Agreeing on a solution is also likely to provide more ce ....