However, further studies are needed to determine the quantity of oil and the costs involved in its extraction.
'The good news is that we have oil. Preliminary research in Lake Kivu revealed 13 wells with signs of oil,' RMB's CEO, Francis Kamanzi, told members of parliament on Wednesday, January 15, 2025.
"Considering discoveries in neighboring regions like Uganda, oil was discovered in Lake Albert, which is believed to be part of the same rift valley stretching through Lake Kivu to Lake Tanganyika. There is confidence that oil exists," he added.
Kamanzi shared the development during a discussion between the Parliamentary Committee on Governance, Gender Equality and the Ministry of Environment.
Efforts to explore oil in Rwanda began years ago but were halted in 2014.
They resumed after Canada-based company Black Swan Energy discovered that parts of Eastern Kivu could yield oil and gas easily.
The presence of methane gas in Lake Kivu was an initial indicator of potential oil deposits, as methane is often found alongside oil.
Kamanzi expressed optimism, suggesting that Lake Kivu might have larger oil reserves than neighboring countries: 'Our Lake Kivu is deeper than other lakes in the region, so we might have more oil than our neighbors.'
While the initial studies confirmed the presence of oil, deeper exploration is needed to determine the quantity, type, and commercial viability.
This involves drilling to collect samples for laboratory analysis.
The process is expensive, as the cost of drilling one well can exceed $15 million (approximately Frw 20 billion).
Earlier research, conducted at depths of up to 480 meters, included deploying machines to collect samples from the lakebed.
These samples confirmed the presence of methane gas and potential oil reserves.
The next phase involves deploying advanced machines to create detailed maps of the lakebed, identifying precise locations of oil and gas reserves.
Previous exploration phases cost Frw 1.7 billion, and future stages are estimated to require between Frw 8 billion and Frw10 billion.
Oil extracted from Lake Kivu could vary in form, ranging from solid asphalt to liquid fuels like diesel or gasoline, or even gas. Determining the exact type will depend on further tests.
Extracting oil from Lake Kivu would follow a similar process to that used for methane gas extraction.
It starts with drilling deep holes in the lakebed, using specialized equipment capable of penetrating rocks and other materials. Once drilled, the base is reinforced with sand or gravel.
Pipes are then inserted into the holes to pump oil from beneath the lakebed to surface storage tanks.
The potential for oil in Lake Kivu represents an exciting opportunity for Rwanda, but significant investment and research are still required to unlock its full potential.
IGIHE
Source : https://en.igihe.com/news/article/rwanda-discovers-13-oil-wells-in-lake-kivu
