Kenya has created 17 new oil exploration blocks, bringing its total to 63, their auction auction will start in 2017, Kenyan newspapers quoted Ministry of Energy and Petroleum reported.
After British explorer Tullow Oil and partner Africa Oil first struck oil in Lokichar in northwest Kenya in 2012, the recoverable reserves are an estimated 750 bpoe of crude.
Privately-owned Standard Newspaper quoted the Energy and Petroleum ministry as saying it aimed to hold an auction for the new blocks in 2017.
Africa Oil and Tullow were 50-50 partners in blocks 10 BB and 13T where Kenya’s the discoveries were made. Africa Oil has since sold a 25 percent stake in those blocks to A.P. Moller-Maersk. Africa Oil and its partners aim to announce a final investment decision for production in early 2017. Early this month, Kenya started a search for companies to design a crude oil export pipeline costing some $2.1 billion and which it expects to be should be completed by 2021.
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