Petroleum Africa
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Thursday, November 28, 2013
Vanoil Energy is exploring the option of bringing other companies in to aid it in exploring Rwanda’s East Kivu Graben Basin. The company is currently discussing this possibility with the Rwandan government. Vanoil is currently in a dispute with the government over exploration rights.
“It is possible that a settlement or an agreement between the parties might allow other companies to come in, but we’ll have to wait and see where we get at with the agreement,” CEO Sam Malin said in an interview with Bloomberg.
The company and the government entered a conciliation process earlier this year but Malin says they are past that now.
“We’ve moved on from that,” Malin said. “Vanoil and the government are in discussions on an appropriate solution, settlement if you like, that’s fair to both parties without going through costs, et cetera, that everybody would incur if we were to go down the arbitration route.”
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