National Oil and Schlumberger sign oilfield development agreement in AfricaMonday, 16 April 2018 06:54Kenya aims to boost its hydrocarbon production. Both National Oil Corporation and Schlumberger have agreed to make a blueprint to explore oil and gas potential for the Lokichar oil discoveries, situated 550km north-east of Nairobi. Mwangi further discussed that the MoU aims to strengthen Kenya’s initiative in exploring oil and gas resources in the country and in the region. According to the industry experts, Kenya's South Lokichar basin remains one of the brightest hopes for oil production in East Africa. With this, Kenya aims to emerge as a regional leader in Africa’s oil and gas market.
Source: The North Africa Journal April 16, 2018 06:45 UTC