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Gold minor working at Osiri Matanda gold mine site in Nyatike Sub- County (Photo: Caleb Kingwara)
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Kenya to auction Lamu oil blocks within a year
Summary
Kenya will auction new oil and gas exploration blocks in the Lamu Basin on the Indian Ocean territory within a year as the country looks to attract new investment in the petroleum sector.
Petroleum and Mining Principal Secretary Andrew Kamau said the offshore blocks will be put up on offer after collection of seismic data by US-based ION Geophysical Corp.
Thursday April 15 2021
By BRIAN NGUGI
Summary
Kenya will auction new oil and gas exploration blocks in the Lamu Basin on the Indian Ocean territory within a year as the country looks to attract new investment in the petroleum sector.
Kenya in new search for oil off Lamu coast businessdailyafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessdailyafrica.com Daily Mail and Mail on Sunday newspapers.
Taarifa Rwanda
Published 2 days ago
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British Firm Tullow Oil has until December to present to Kenya government a comprehensive plan for oil production in the Turkana region or risk losing concession on two exploration fields in the area.
Tullow, which struck oil in the Lokichar basin of Turkana nine years ago, is yet to develop the field for commercial production amid growing frustrations for Kenya over delayed petroleum wealth benefits.
The delay has been attributed to several factors, including unfavourable global oil prices, approval delays for land and water rights, a tax dispute and Covid-19 disruptions, according to Tullow.