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Erin Energy obtains 18-month extension in Kenya’s Blocks L27 and L28

Erin Energy Corporation has announced it has obtained an eighteen-month extension of the Initial Exploration Period (IEP) of its offshore Kenya blocks, L27 and L28. The IEP on blocks L27 and L28 which expired on June 8th 2015 has been extended to February 2017. The extension of the IEP of the Production Sharing Contracts for blocks L27 and L28 is …

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Drill or Drop Decision in Ethiopia’s Adigala Block expected in January 2016

Genel Energy a partner at the Adigala block in Ethiopia says a drill or drop decision is expected in the first quarter of 2016 as it continues further processing and interpretation of new 2D seismic acquired in 2014. According to the latest investor presentation the seismic that commenced in the second quarter of 2014 was …

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Tanzania’s Kiliwani North Gas Agreement to be Signed in Q3 2015

Production from the Kiliwani North Field could start in 2015 with the Tanzanian authorities having advised that production should start within Q3 2015 now that the main pipeline has been pressure tested and with the Gas Agreement expected to be signed this quarter. The completion of a Gas Sales Agreement (GSA) is subject to finalizing …

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Kenya Oil and Gas Strategic Analysis and Outlook to 2025

(Press Release) Amidst downfall in oil prices creating uncertainty on the future of Kenya industry growth, the report details key strategies of government, oil and gas companies and investors in the country. Detailed outlook of the industry in terms of production forecasts of oil, gas, LNG, LPG, gasoline, diesel, fuel oil along with supporting parameters …

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Erin Energy seeks term extension on four blocks in Kenya

Erin Energy formerly CAMAC Energy has said it has met with the Kenyan government and submitted the required applications to enter the First Additional Exploration Period (FAEP) of both onshore blocks L1B and L16 after licenses on both blocks expired on June 8th 2015 . The company is also awaiting the decision of the Kenyan government after …

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Serious Fraud Office Opens Corruption investigations on Soma Oil and Gas in Somalia

United Kindgom’s Serious Fraud Office has confirmed that it has opened a criminal investigation into SOMA Oil & Gas Holdings Ltd, SOMA Oil & Gas Exploration Limited, SOMA Management Limited and others in relation to allegations of corruption in Somalia. According to the SFO website the investigating institution is seeking information from whistleblowers with inside …

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Uganda’s Licensing Round attracted right blend of oil companies – Energy Ministry

The Ugandan government has responded to claims that the last licensing round was unsuccessful by virtue of having attracted mainly small and medium exploration companies. According to Acting Principal Petroleum Officer at the Ministry of Energy and Minerals Development Peninah Aheebwa the licensing round saw the right blend of oil companies as applicants who included …

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Uganda admits loss of funds earmarked for oil projects related land compensation

The Uganda National Roads Authority has admitted part of $3.5 million set aside to compensate for loss of land to roads to connect the country’s oil rich district Hoima ahead of the oil production, refining, power generation and transmission infrastructure phase went  to ghost beneficiaries in a hearing to probe corruption at the authority. According …

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Opportunities in East Africa as region enters Production Development Phase

Four East Africa countries among them Mozambique, Tanzania, Uganda and Kenya are headed to the development phase as they draw closer to exploit their oil and natural gas reserves providing an opportunity for investors to dive in and benefit from the projects worth billions of dollars. According to George Wachira working with Petroleum Focus Consultants …

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Madagascar Oil Award Of The Development Mining Title For The Block 3104

Madagascar Oil  has confirmed the award of the Development Mining Title for the Block 3104 Tsimiroro Production Sharing Contract by the President of Madagascar, H.E.Hery Rajaonarimampianina, following a joint proposal by the Minister at the Presidency in charge of Mines and Petroleum and the General Manager of OMNIS (Office des Mines Nationales et des Industries Strategiques), …

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