Blocks 10BB and 13T joint venture partner Africa Oil Corp. has announced that an extension has been granted by the Government of Kenya on\u00a0 the south Lokichar blocks. \u00a0Under the terms of the extension, the Joint Venture partners have the right to extend the second exploration period for the 10BB and 13T licence blocks until 31 December 2020, with a further extension until 31 Dec 2021 contingent on an agreed work programme and budgets.<\/p>\n
According to Africa Oil the JV intends to use this extended time frame to work closely with its Joint Venture partners on submitting an updated Field Development Plan (“FDP”) by end of 2021.<\/p>\n
Africa Oil CEO\u00a0Keith Hill\u00a0commented, “We would like to thank the Government of\u00a0Kenya\u00a0for granting us this extension which will allow the partnership sufficient time to overcome challenges in the current low oil price and pandemic conditions.\u00a0 We strongly believe in the value of the\u00a0Kenya\u00a0development project and will be spending the next year on optimizing the project and removing all remaining obstacles to allow it to move forward.\u00a0 We see this project as a strong complement to our\u00a0Nigeria\u00a0production assets and our exploration portfolio successes.”<\/p>\n","protected":false},"excerpt":{"rendered":"