Business Daily | by Brian Ngugi
Kenya will auction new oil and gas exploration blocks in the Lamu Basin on the Indian Ocean territory within a year as the country looks to attract new investment in the petroleum sector.
Petroleum and Mining Principal Secretary Andrew Kamau said the offshore blocks will be put up on offer after collection of seismic data by US-based ION Geophysical Corp.
The American firm has been contracted by the Ministry of Energy to carry out two seismic surveys in the Lamu Basin over the next one year…
