Page 6 - AfrOil Week 04 2022

AfrOil PIPELINES & TRANSPORT AfrOil

Kenya begins work on next

phase of LAPSSET initiative

KENYA KENYA’S Lapsset Corridor Development affected or displaced by the LLCOP project.
Authority (LCDA) has begun work on the next “The survey team will identify the pro-
phase of the Lamu Port-South Sudan Ethiopia ject-affected persons and the improvement on
Transport Corridor (LAPSSET) initiative fol- the land. Compensation will be directly paid to
lowing the launch of Lamu Port in the second affected communities, while for the unregistered
quarter of last year. land, the benefits will go directly to the county
The agency said this week that its attention government, according to the law, unless other
had now turned to infrastructure, including negotiations emerge,” he said.
a crude oil pipeline, that will enable traffic to According to previous reports, LLCOP is
increase at the port and improve access to north- slated to follow an 892-km route from Blocks
ern Kenya, as well as marketing the region as a 10BB and 13T, two oil-bearing licence areas
tourist destination. in Kenya’s South Lokichar basin, to the Indian
The LCDA’s new director-general, Stephen Ocean port of Lamu. The cost of building the
Ikua, said that infrastructure projects earmarked conduit – which will have an initial throughput
for immediate development include the Lokich- capacity of 60,000-80,000 barrels per day, rising
ar-Lamu Crude Oil Pipeline (LLCOP), the later to 100,000 bpd or more – is expected to
Lamu Special Economic Zone and important reach $1.5bn. ™
road arteries.“The eastern and north-eastern
parts of Kenya hold untapped potential. It is rich
in mineral resources, renewable energy, wildlife
and livestock, horticulture and blue resources,
which we hope to tap through the construction
of efficient transport networks,” he said.
He added that progress had already been
made on the construction of roads in the cor-
ridor, including the completion of the 500-km
Isiolo-Marsabit-Moyale road.
In December, Kenya’s National Land Com-
mission (NLC) said the government was making
preparations to begin land acquisitions for the
LLCOP.
James Long’ole, NLC’s co-ordinator for the
Turkana region, said that the commission, the
Ministry of Petroleum and Mining, the Ministry
of Lands and other relevant state agencies would
start by sending technical teams to inspect and
survey the proposed pipeline route. He also
stressed that Nairobi was committed to offer-
ing fair compensation to everyone who will be The LLCOP link has been earmarked for immediate development (Image: LAPSSET)

INVESTMENT
Invictus raises funds for Zimbabwe project

ZIMBABWE AUSTRALIA’S Invictus Energy has raised possible, the SPP was doubled from AUD2mn to
AUD8mn ($5.7mn) to support the develop- AUD4mn, the ASX-listed company announced
ment of its 80%-owned and operated Cabora on January 25.
Bassa Project in Zimbabwe. It raised half of the Invictus said it would use the proceeds to pay
total sum via a placement and half via a share for a rig mobilisation fee, purchase of long-lead
purchase plan (SPP). items for the planned two-well drilling pro-
Due to overwhelming demand and to gramme, and finalisation of the data-processing
accommodate as many eligible shareholders as of a CB21 seismic survey.

P6 www. NEWSBASE .com Week 04 26•January•2022