Monday, July 4, 2022
  • About Us
  • ImagiNATION
  • Rate Card
  • Contact Us
The Nation Online
Advertisement
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Columns
  • Sports
  • Chichewa
  • Enation
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Columns
  • Sports
  • Chichewa
  • Enation
No Result
View All Result
No Result
View All Result
Home Business Business News

Oil drilling on lake Malawi may start in 2021—experts

by Johnny Kasalika
28/03/2012
in Business News
2 min read
0
Share on FacebookShare on TwitterShare on WhatsAppShare on LinkedinLinkedinShare via Email

Surestream, the British company exploring oil on Lake Malawi, has said it has embarked on an environmental and social impact assessment which will be completed in 2021.

This means Malawians should be patient as oil drilling may only start in 10 years’ time.

Surestream general manager Keith Robinson said this in an interview last week.

“We know Lake Malawi has a unique ecosystem that we need to study so that the drilling exercise does not damage it.

“We are optimistic that there is oil in the lake judging from significant commercial discoveries in the rift valley such as Lake Albert in Rwanda,” said Robinson.

He said his company is only doing exploration to ascertain oil availability, thereafter drilling companies will come in.

Oil exploration is a very complicated process and normally takes over five years. Kenya on Monday announced it has finally struck oil after decades of exploration.

Kenyan President Mwai Kibaki called the discovery a “major breakthrough,” though it will take more than three years before the country can become an oil producer.

Surestream company is working hand in hand with six scientists from Chancellor College who are mainly helping with research on the lake’s ecosystem.

“We know that local experts know their surrounding well, hence, their involvement,” he said.

Robinson said later in the year, they will engage fishermen from Karonga and Nkhotakota to share their experiences and advise how fish can be protected in the lake.

“This is a huge investment and we want Malawians to support it because once oil is found, the economy of the country will improve,” he said.

Surestream is a British exploration company with great scientific expertise and employs highly qualified geophysicists.

Previous Post

Study blasts food certification schemes

Next Post

Uladi claims was searched like a criminal

Related Posts

Business News

Bank questions import substitution rhetoric

July 4, 2022
Business News

Govt continues to Stifle local firms

July 4, 2022
Any type of farming is facing fertiliser price hikes
Business News

World Bank speaks on commodity prices

July 2, 2022
Next Post

Uladi claims was searched like a criminal

Opinions and Columns

My Turn

Child neglect and street robbery

July 4, 2022
Editor's Note

MPs’ houses to cost taxpayers K60bn

July 3, 2022
My Thought

Women underutilise digital platforms

July 3, 2022
Big Man Wamkulu

Her body count is too high, should I dump her?

July 3, 2022

Malawi-Music.com Top10

Trending Stories

  • Dubai firm cries foul

    0 shares
    Share 0 Tweet 0
  • Her body count is too high, should I dump her?

    0 shares
    Share 0 Tweet 0
  • MPs’ houses to cost taxpayers K60bn

    0 shares
    Share 0 Tweet 0
  • MP Chihana flops at Sadc elections

    0 shares
    Share 0 Tweet 0
  • MCP, UTM opt for peaceful discussions

    0 shares
    Share 0 Tweet 0

  • Values
  • Our Philosophy
  • Editorial policy
  • Advertising Policy
  • Code of Conduct
  • Plagiarism disclaimer
  • Disclaimer
  • Privacy Policy
  • Terms of use

© 2022 Nation Publications Limited. All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Columns
  • Sports
  • Chichewa
  • Enation

© 2020 Nation Publications Limited. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.