Uk based oil sector services firm Africa oilfield logistics has announced plans to list on the Nairobi securities exchange an eye on the promising Kenya upstream oil sector. The operator, which is focused on logistics support for upstream oil and gas exploration in sub-Saharan Africa, is already listed on the London stock exchange’s alternative investment market segment. The oilfield services firm is, however, yet to disclose whether it will list by introduction or seek to raise capital locally. Locally the firm operates through its subsidiary ardan risk & support services, which also has offices in south Sudan, Ethiopia, Djibouti, Tanzania and South Africa and currently employs 800 people in the Kenya oil and gas sector. The growth of logistic firms targeting the Kenyan upstream oil sector has been informed by significant oil deposits and gas potential in the country.
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