Kenya to Offer Nine Oil and Gas Licenses by April, Minister Says

From Bloomberg

By Eduard Gismatullin

Kenya will offer as many as nine oil and gas exploration licenses in the first quarter, said Patrick Nyoike, an official at the Energy Ministry.

Chevron Corp. and Eni SpA have said they may bid for the licenses, Nyoike told reporters in Nairobi today. Some of the acreage was relinquished by explorers, and the blocks will be repackaged for the sale.

Tullow Oil Corp. and Africa Oil Corp. made Kenya’s first oil discovery last March. The country has no proven oil reserves, though Exxon Mobil Corp. and Chevron found gas in the Anza Basin in 1976.

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