FAR farmout deal in Kenya’s Block L6 unlikely in 2014
Australian explorer FAR Ltd has said that its expected farmout in Block L6 where the company has a 60% interest is unlikely to happen in 2014. In the latest report … Read More
Tag: PSC
More Oil blocks expected to be relinquished in 2014/15 – Experts
[twitter-follow screen_name=’oilnewskenya’] More companies are expected to lose their blocks in Kenya as a result of relinquishments in the coming months. This is in compliance to their production sharing contracts that … Read More
Key features of the current Kenyan model of production sharing contract
[twitter-follow screen_name=’oilnewskenya’] Source: Deloitteblog Negotiation of an initial exploration period with the possibility to extend this twice. An agreed percentage of the contract area is to be surrendered at the … Read More
Apache departs from PSC with Pancontinental in Kenya’s Block L8
[twitter-follow screen_name=’oilnewskenya’] Apache has opted out from the production sharing agreement (PSC) with Pancontinental Oil and Gas of Kenya’s offshore Block L8 saying it will not participate in any further … Read More