PetroNor Purchases SPE Guinea Bissau AB
PetroNor has announced the purchase of SPE Guinea Bissau AB. This entitles PetroNor to assume the Operatorship (and interest of 78.57%) of the Sinapa (Block 2) and Esperanca (Blocks 4A … Read More
Category: PSCs
Tanzania Can Renegotiate Energy and Mining Contracts As New Legislation Passed
The government of Tanzania can now forcefully commence renegotiate of existing contracts with both mining and oil companies undertaking exploration and production in the country after the parliament passed two … Read More
Oyster Oil and Gas Enters Phase III in Djibouti Exploration
Oyster Oil and Gas Ltd. has announced that effective 1st March 2017 it has received Government of Djibouti approval to commence exploration activities under Phase III of the Production Sharing … Read More
Public hearings on Somalia Kenya Maritime Delimitation Case Set for September
The International Court of Justice (ICJ) will in mid-September commence public hearings in the case concerning Maritime Delimitation in the Indian Ocean (Somalia v. Kenya) with the focus solely on … Read More
Kenya to auction 17 new Oil Exploration Blocks in 2017
The Ministry of Energy and Petroleum has in a gazette notice said it has created an additional 17 new exploration blocks to the existing 46 blocks that had earlier been … Read More
Summary on Kenya’s Petroleum Bill 2015, The Associated Model Production Sharing Contract(PSC)Bill 2015
By Berryl Claire Asiago Part 1: Kenya’s recent discovery of oil and gas should accelerate and contribute enormously to the achievement of national objectives, provided that proper policies, laws and … Read More
Majority of Petroleum Rights Holding Companies in Kenya Incorporated in Tax Havens
A report by Oxfam dubbed The Use of Tax Havens in the Ownership of Kenyan Petroleum Rights shows that all but five companies that hold petroleum exploration rights have at … Read More
An Analysis of the Petroleum Bill 2015, Model PSC
Source: Oxfam The Petroleum (Exploration, Development and Production) Bill, 2015 and associated model production sharing contract (PSC) are currently in the final stages of Parliamentary review. The development of a … Read More
History Of Oil Exploration In Kenya (1950 To 2010)
1950’S – Oil exploration commenced 1960 to 1984 – 16 wells drilled mainly in the Lamu and Anza basins 1981- National Oil was incorporated in 1981 1984 GOK enacted new … Read More
Components of Production Sharing Contract in Kenya
Licensing of petroleum exploration blocks, is governed by the Petroleum (Exploration and Production) Act Chapter 308 of the Laws of Kenya. All contracts are based on a Model Production Sharing … Read More