Poll, Somali border row rattle oil explorers

Visitors tour the site of the Ngamia-1 well in Turkana county. Photo/FILE

What you need to know:

  • Fresh optimism that Kenya could strike more oil as well as gas has been building over the past few weeks, as companies have heightened uptake of exploration blocks and activity on wells.
  • A potential maritime boundary dispute between Kenya and Somalia is looming, however, creating uncertainty over offshore exploration activity.
  • Last month, Somalia’s government accused Kenya of awarding offshore oil and gas exploration blocks illegally to France’s Total and Italy’s Eni because the blocks lie in waters claimed by Somalia.

Next year’s General Election and a looming dispute over a maritime border with Somalia are causing jitters among oil explorers in the country, tempering the optimism that had been growing in the industry.

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