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Economy & Business / Dhaqaalaha iyo Ganacsiga Found urban images from all around the world not taken by you

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Old January 21st, 2012, 08:36 AM   #21
Ras Siyan
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Quote:
Originally Posted by Yoniii View Post
There's no secret that East Africa, especially the Horn, is the least explored land on earth. It's a good thing, we get a chance to diversify our economy before falling into an "oil/energy trap".
I agree. Better discover stuff once the economy is more developed and diversified.
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Old January 21st, 2012, 08:40 AM   #22
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Originally Posted by Ras Siyan View Post
Better discover stuff once the economy is more developed and diversified.
What if just started developing or still under developed?
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Old January 21st, 2012, 02:40 PM   #23
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It's a good thing that this oil is found offshore and not in some native peoples land. Less conflict this way.
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Old January 21st, 2012, 03:43 PM   #24
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Quote:
Originally Posted by Yoniii View Post
$800 billion.

Wouldn't it be great if those countries united and formed their own energy company, instead letting the major players run away with the profits..

(don't judge me for dreaming)

East Africa
Most modern contracts of oil/gas exploitation are done in the service contractor mode: a shell-out State company owns the reserves, and the companies supply the services and equipment to drill, receiving a more-or-less narrowly defined price for each of the services performed (like delivering [i]x[/] cubic meters of gas onshore, or drilling y exploratory wells).

It requires advance expertise only a few companies in the World have (much more complex than land extraction of common wells).
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Old January 21st, 2012, 04:07 PM   #25
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I know that the know-who isn't there today, but that doesn't stop them to get it in the future.

Look at state-owned energy companies in Brazil, Malaysia, China, etc. They are making a lot more from exports than they would have with a deal with Shell.

I get that you need these external companies the first decade or two, but not 50 years down the line.
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Old January 21st, 2012, 04:10 PM   #26
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Wow!I hope the deposit extends significantly into Kenya's territory.
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Old January 21st, 2012, 07:14 PM   #27
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Massive Natural Gas Discovery in Mozambique!!!

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One of the world’s poorest regions is also home to the biggest natural-gas discoveries in a decade, luring investors from steel billionaire Lakshmi Mittal to Royal Dutch Shell Plc. (RDSA)

Eni SpA (ENI) and Anadarko Petroleum Corp. (APC) found about $800 billion of gas under the Indian Ocean off Mozambique, 36 times more valuable than the nation’s economy, ranked 213 of 227 countries for per capita income. Explorers in neighboring Tanzania have struck gas fields, and drilling will pick up pace in Kenya this year.

The fields are big enough to support exports of liquefied natural gas, or LNG, opening up a source of energy supply to the world’s fastest-growing major economies, India and China. They are also drawing the interest of the world’s largest oil and gas companies, which prize LNG projects for their decades of generating cash. Exxon Mobil Corp. (XOM), Shell and BP Plc are the biggest owners of LNG capacity worldwide.
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Old January 21st, 2012, 07:22 PM   #28
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Cheers music for contributing but unfourtunatly there is already a thread on this on the Oasis.
http://www.skyscrapercity.com/showthread.php?t=1481141
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Old January 21st, 2012, 07:25 PM   #29
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Ah man I didn't see that, the title is misleading. This oil discovery was in Mozambique not East Africa.

Oh well, mods can merge if they want.
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Old January 21st, 2012, 07:29 PM   #30
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Quote:
Originally Posted by qweads View Post
It's a good thing that this oil is found offshore and not in some native peoples land. Less conflict this way.
That is the same situation in Angola. Most of Angola's oil is produced offshore.

Most of Nigeria's oil is produced onshore. However most of the discoveries in Nigeria today are offshore.

Mozambique is indeed fortunate to have offshore Oil. It doesn't only prevent disagreements, it also makes it difficult for people to sabotage such facilities. Attacking or compromising offshore facilities is more difficult.
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Old January 21st, 2012, 09:47 PM   #31
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Quote:
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What if just started developing or still under developed?
In the African context, you have a high chance of these resources not benefiting the people (government corruption and foreign firms exploitation) and creating the dutch disease in the economy
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Old January 21st, 2012, 10:01 PM   #32
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Quote:
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It's a good thing that this oil is found offshore and not in some native peoples land. Less conflict this way.
What oil??
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Old January 21st, 2012, 10:03 PM   #33
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It's natural gas, he's confusing the two. I think the prospects of getting oil is also a bit high because the two normally exist together.
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Old January 21st, 2012, 10:05 PM   #34
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It's natural gas, he's confusing the two. I think the prospects of getting oil is also a bit high because the two normally exist together.
Not really.
Some countries have all Natural gas, and almost no oil, and vice versa.
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Old January 21st, 2012, 10:22 PM   #35
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The biggest winners in all of this are likely to be the western companies and their shareholders. However no definitive statements can be made at this point. After all, i think the Mozambique and Tanzania governments have been doing relatively well for their people given the resources that they have at their disposal.
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