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Africa’s Pipeline Projects to Change the oil and Gas Industry Market Outlook: Ken Research

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In order to get the maximum benefit out of natural resources such as crude oil, it is important to be able to transport them via a reliable and efficient mechanism. Pipeline systems are widely used today to transport essential solid or liquid resources. According to the study, ‘Global Crude Oil Pipelines Industry Outlook to 2022 – Capacity and Capital Expenditure Forecasts With Details of all Operating and Planned Crude Oil Pipelines’, there are a number of projects around the world that are incorporating latest technologies in order to make pipeline systems efficient and quite a few such projects are being developed in Africa.

Africa is witnessing the development of one of the most iconic projects in modern times. The 1,445 km East African crude oil export (EACOP) pipeline is being constructed between Kabaale in Uganda and Chongoleani in Tanzania. On completion it will become the world’s longest heated crude oil export pipelines. The governments of Uganda and Tanzania signed an inter-governmental agreement worth three and a half billion US dollars in 2017 for the development which is expected to have an extensive export flow rate. Chinese CNOOC (China National Offshore Oil Corporation), French Total and British Tullow have formed a joint venture to develop the pipeline in conjunction with the two governments. This project is a revolutionary step in pipeline technology and is expected to create a vast number of jobs during construction. The project is said to be completed by 2020. The main objective of the project is to transport Uganda’s oil reserves to the Indian Ocean for export.

Another famous project that is taking shape is the Kenyan Oil Export Pipeline which when completed will become Kenya’s first oil export pipeline from the Amosing and Ngamia fields to the port of Lamu on the Indian Ocean. This new pipeline will be approximately 865 km long. Tullow Oil is one of the major contributors in this project.

Another business deal relating to pipeline technology in Africa is that of Morocco and Nigeria. Both the countries have recently joined forces for the completion of a gas pipeline that will be built onshore and offshore. So far feasibility studies had been conducted but now the plan has been finalized. The two authorities supervising the project are Morocco’s National Office of Hydrocarbons and Mines (ONHYM) and the Nigerian National Petroleum Corporation (NNPC). Both these agencies revealed in a joint statement that for economic, political, legal and security reasons the choice was made on a combined onshore and offshore route. The pipeline is planned to be 5660 km long.

A number of developments are taking place in Africa that are incorporating pipeline technology at their core. All these developments are being brought about for trade purposes. This clearly highlights Africa’s potential in the oil and gas spectra. Supervision and regulation by renowned agencies is ensuring that these projects are executed with the initially planned level of efficiency. Once completed they will greatly assist the economies of the participating nations and with corporation and alliance from internationally recognized oil & gas companies, we can expect rampant future developments in Sub Saharan Africa.

To know more click on the link below:

https://www.kenresearch.com/energy-and-utilities/oil/global-crude-oil-industry/152712-103.html

Related Reports:

https://www.kenresearch.com/energy-and-utilities/oil/crude-oil-pipeline-transportation-global-market-report/143643-103.html

https://www.kenresearch.com/energy-and-utilities/oil/united-states-crude-oil-refinery/136383-103.html

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