Scandoil  

Africa Oil obtains Kenyan government approval of Maersk Oil farm in


Published Jan 12, 2016
[an error occurred while processing this directive]

Edit page New page Hide edit links

Africa Oil Corp.

Africa Oil Corp. has received approval from the Government of Kenya for the previously announced farmout with Maersk Olie og Gas A/S. Accordingly, completion of the farmout of Blocks 10BB, 13T and 10BA may proceed.

Keith Hill, Africa Oil's President and CEO, commented,'We are very pleased to have received approval from the Government of Kenya. We feel Maersk will be an excellent partner in terms of technical and financial strength and experience critical to moving the development project forward. This transaction puts Africa Oil in the enviable position of not requiring any additional equity financing prior to first oil and will allow us to weather the current difficult oil price environment should it continue into 2016.'

Tags: Africa Oil Corp.




Advertisment:

Comments on this page are closed.

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml