{"id":432,"date":"2014-02-04T11:21:13","date_gmt":"2014-02-04T11:21:13","guid":{"rendered":"http:\/\/oilnewskenya.com\/?p=432"},"modified":"2015-11-02T14:13:37","modified_gmt":"2015-11-02T14:13:37","slug":"vanoil-provides-update-on-license-renewals-in-kenya","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/vanoil-provides-update-on-license-renewals-in-kenya\/","title":{"rendered":"Vanoil Provides Update on License Renewals in Kenya"},"content":{"rendered":"

“Vanoil Energy \u00a0a Vancouver-based Canadian international oil and gas development company has confirmed ongoing discussions with the Kenyan Government with regard to its license renewals in Kenya.These talks are now at a key stage and the Company expects them to conclude imminently. At such time, Vanoil will provide an immediate information update to the market.” Vanoil said in a statement.<\/p>\n

The company\u00a0with a portfolio of assets in East Africa and in the Republic of Seychelles is negotiating\u00a0<\/span>to renew its interest in onshore Blocks 3A and 3B, originally acquired in October 2007 through the signing of a Production Sharing Contract (PSC) with the Government of the Republic of Kenya.<\/span><\/p>\n

These blocks cover 24,912 km2 in Kenya’s Anza Basin and are geologically analogous to the prolific Muglad and Melmut Basins of South Sudan and geographically in close proximity to the recent PaiPai discovery in Kenya<\/p>\n

In offshore Kenya, the Company anticipates the receipt of its 10% working interest in the highly prospective 5,110 km2 Block L9 alongside Dominion Petroleum Kenya Limited (a wholly owned subsidiary of Ophir Energy plc) and FAR Limited. This block lies directly south of Block L8 which hosts the Mbawa gas discovery made in 2012.<\/p>\n

In the Seychelles, Vanoil has a 25% participating interest alongside partner Afren plc in offshore Exploration Areas A and B, covering some 14,319 km2.<\/p>\n

The process could however take long as the government has frozen all licensing<\/a> until a new law is passed in parliament.<\/p>\n","protected":false},"excerpt":{"rendered":"

“Vanoil Energy \u00a0a Vancouver-based Canadian international oil and gas development company has confirmed ongoing discussions with the Kenyan Government with regard to its license renewals in Kenya.These talks are now … Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":55,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[11],"tags":[32,59,166,280,619,868,1098,1550,1656,1926,1954,2382,2668],"class_list":["post-432","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-3b","tag-afren","tag-anza-basin","tag-block-3a","tag-dominion-petroleum-kenya","tag-far-limited","tag-hydrocarbon-exploration","tag-melmut-basins","tag-muglad","tag-ophir-energy","tag-paipai","tag-south-sudan","tag-vanoil","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2013\/12\/vanoil.jpg?fit=320%2C144&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-6Y","jetpack-related-posts":[{"id":1278,"url":"https:\/\/www.oilnewskenya.com\/index.php\/kenyas-parliament-backs-vanoil-energy-license-cancellation\/","url_meta":{"origin":432,"position":0},"title":"Kenya\u2019s parliament backs Vanoil Energy license cancellation","author":"Samuel Kamau Mbote","date":"June 20, 2014","format":false,"excerpt":"[twitter-follow screen_name='oilnewskenya'] The energy and transportation committee has backed the decision to terminate the oil exploration license of Vanoil Energy in January this year. In a report tabled in parliament the committee says the Canadian company was unable to explore any oil in the country after it ran into losses.\u2026","rel":"","context":"In "Oil Politics"","block_context":{"text":"Oil Politics","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/oil-politics\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1400,"url":"https:\/\/www.oilnewskenya.com\/index.php\/vanoil-energy-to-proceed-with-arbitration-after-loss-of-kenyan-blocks-3a-and-3b\/","url_meta":{"origin":432,"position":1},"title":"Vanoil Energy to proceed with arbitration after loss of Kenyan blocks 3A and 3B","author":"Samuel Kamau Mbote","date":"July 7, 2014","format":false,"excerpt":"Vanoil Energy has provided an update on the ongoing negotiations with the Kenyan Government with respect to the extension of Vanoil's Production Sharing Contracts over Block 3A and Block 3B, onshore Kenya. Vanoil has decided to proceed with a formal demand for arbitration in accordance with the UNCITRAL arbitration rules\u2026","rel":"","context":"In "Oil Politics"","block_context":{"text":"Oil Politics","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/oil-politics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/07\/vanoil-block-3a.png?fit=400%2C400&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1862,"url":"https:\/\/www.oilnewskenya.com\/index.php\/vanoil-seeks-150-million-in-suit-against-the-government-of-kenya\/","url_meta":{"origin":432,"position":2},"title":"Vanoil seeks $150 million in suit against the Government of Kenya","author":"Samuel Kamau Mbote","date":"October 3, 2014","format":false,"excerpt":"Vanoil Energy Ltd. has commenced an international arbitration against the Government of Kenya after the minister for Energy Davis\u00a0Chirchir declined to renew the company\u2019s exploration licenses citing speculation. In the\u00a0suit Vanoil seeks to resolve a dispute arising from the government\u2019s (Respondent) breach of the Production Sharing Contracts for Blocks 3A\u2026","rel":"","context":"In "Oil Politics"","block_context":{"text":"Oil Politics","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/oil-politics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/07\/vanoil-block-3a.png?fit=400%2C400&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1998,"url":"https:\/\/www.oilnewskenya.com\/index.php\/vanoil-energy-reviews-company-operations-to-focus-on-kenyan-case\/","url_meta":{"origin":432,"position":3},"title":"Vanoil Energy reviews company operations to focus on Kenyan case","author":"Samuel Kamau Mbote","date":"November 4, 2014","format":false,"excerpt":"Last week Vanoil Energy announced that the board of directors has instructed management to conduct an immediate review of all Company operations as it shifts its priority aggressively pursue its legal arbitration claims against the Republic of Kenya. As a result the goal is to eliminate non-essential costs, dispose of\u2026","rel":"","context":"In "Oil Politics"","block_context":{"text":"Oil Politics","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/oil-politics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/07\/vanoil-block-3a.png?fit=400%2C400&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":395,"url":"https:\/\/www.oilnewskenya.com\/index.php\/vanoil-announces-settlement-accord-with-the-government-of-rwanda\/","url_meta":{"origin":432,"position":4},"title":"Vanoil Announces Settlement Accord with the Government Of Rwanda","author":"Samuel Kamau Mbote","date":"January 25, 2014","format":false,"excerpt":"Vanoil Energy Ltd. a Vancouver-based Canadian international oil and gas development company has announced that the Government of Rwanda and Vanoil have agreed to end their discussions regarding the exploration of Lake Kivu in Rwanda following expiry of the Technical Evaluation Agreement (\"TEA\") between them in June 2013. As part\u2026","rel":"","context":"In "Oil Politics"","block_context":{"text":"Oil Politics","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/oil-politics\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":372,"url":"https:\/\/www.oilnewskenya.com\/index.php\/learn-more-about-kenyas-block-3a\/","url_meta":{"origin":432,"position":5},"title":"Learn more about Kenya’s Block 3A Oil Exploration","author":"Samuel Kamau Mbote","date":"January 16, 2014","format":false,"excerpt":"Resource Type: Oil, Natural Gas Property Size: 12,192sq km Stage of Development: Exploration Current Work Program: EIA, data interpretation & preparation of the 2010 seismic program Potential: Unknown Ownership: Production Sharing Contract(PSC) signed in October, 2007 Overview In October 2007, Vanoil signed a Production Sharing Contract for Block 3A [12,192\u2026","rel":"","context":"In "Home"","block_context":{"text":"Home","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/home\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/01\/kenya-exploration-status-march-2010.jpg?fit=1089%2C1200&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/01\/kenya-exploration-status-march-2010.jpg?fit=1089%2C1200&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/01\/kenya-exploration-status-march-2010.jpg?fit=1089%2C1200&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/01\/kenya-exploration-status-march-2010.jpg?fit=1089%2C1200&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/01\/kenya-exploration-status-march-2010.jpg?fit=1089%2C1200&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/432","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=432"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/432\/revisions"}],"predecessor-version":[{"id":3994,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/432\/revisions\/3994"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/55"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}