Home Business Oil exploration firms abandon Lamu block

Oil exploration firms abandon Lamu block

Share

[Source: The Standard, by Macharia Kamau]

Two firms that have been searching for oil in Lamu have quit, further casting doubts on Kenya’s dream of riches from the fossil fuel.

Pancontinental Oil and Gas, and Far Ltd said they have issued the government with a surrender and termination notice, with expectations that the exit will be concluded by end of September.

The two Australian firms are among…

Read more…


Share

NO COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Exit mobile version