Petroleum Africa
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Tuesday, April 17, 2018
NOCK, Kenya’s state-run oil and gas firm, and Schlumberger have agreed to finalize a field development plan on the government’s behalf for the Lokichar Basin resources.
NOCK said in a statement that the agreement with Schlumberger would create a development blueprint for the field in the next year.
“This FDP (field development plan) will provide the government with an independent view of the development of the Lokichar oil discoveries, which will be useful in supporting the government in evaluating work already being done by investors Tullow, Africa Oil and Maersk,” the state-run firm said in the statement.
NOCK did not disclose the value of the deal.
An FID on the Lokichar Basin development is expected in 2019, with oil production coming onstream in 2021 or 2022.
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