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Vol. IX Issue. 5
Kenya leases all oil exploration blocks

17 July 2012

July 13, 2012. Kenya has leased out all existing oil blocks to exploration companies. The government has given out the remaining four blocks to international companies, including America's Apache Corp., France's Total SA, Anadarko from the U.S. and China's CNOOC. Apache Corp. is expected to drill Kenya's first deep-water oil well in three months. London-listed Tullow Oil PLC announced it had encountered oil in its Ngama-1 well in northern Kenya, which it expects to be the largest oil find in East Africa so far.

      
 
 
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