April 8, 2010 11:13PM
Oil exploration interest in Kenyan blocks has increased in the last 15 months and several companies are expected to start seismic studies this year, a government geologist said on Thursday.
At least 11 blocks have been licensed since September 2008, out of a total 24 blocks leased out for exploration, said John Omenge, Chief Geologist at the Ministry of Energy.
“With time, companies are appreciating more the potential for oil and gas which Kenya has. The discoveries that have been made in neighbouring countries in basins which are either extensions of Kenyan ones, or are geologically similar, is helping drive home this point,” he said.
Source: http://234next.com/csp/cms/sites/Next/Money/5552092-147/oil_exploration_interest_increases_in_kenya.csp
Oil exploration interest in Kenyan blocks has increased in the last 15 months and several companies are expected to start seismic studies this year, a government geologist said on Thursday.
At least 11 blocks have been licensed since September 2008, out of a total 24 blocks leased out for exploration, said John Omenge, Chief Geologist at the Ministry of Energy.
“With time, companies are appreciating more the potential for oil and gas which Kenya has. The discoveries that have been made in neighbouring countries in basins which are either extensions of Kenyan ones, or are geologically similar, is helping drive home this point,” he said.
Source: http://234next.com/csp/cms/sites/Next/Money/5552092-147/oil_exploration_interest_increases_in_kenya.csp
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