Gulf Oil and Gas accountACCOUNT

Zambia Cancels Five Oil Exploration Licences

Source: Reuters 2/9/2017, Location: Africa

Share |
Zambia revoked five oil exploration licences after the companies failed to comply with the rules, mining minister Christopher Yaluma said, without naming the firms.

"We had given out 17 license and defaulted a few because of non-compliance and not responding to the licence conditions, so now we have 12 left," Yaluma said on the sidelines of a mining conference in Cape Town. "If they donít come at pace with the program we have scheduled for them we will revoke the licences," he said referring to the 12 remaining firms.

Acquisitions and Divestitures News in Zambia >>

United Kingdom >>  11/21/2017 - BP has agreed to sell a package of its interests in the Bruce assets in the North Sea to Serica Energy. BP currently operates the assets, which compri...
United Kingdom >>  11/21/2017 - Siccar Point Energy E&P has entered into a farmout agreement with Ineos UK SNS covering two exploration licences (P.1854 and P.1935) in the West of Sh...

Iran >>  11/20/2017 - Irans petroleum minister has stated that French energy giant Total - that has won a deal to develop a key gas project in the country - can quit only i...
Senegal >>  11/20/2017 - Oil exploration company Cairn Energy (CNE.L) is in talks with BP to sell a 30 percent stake in its deepwater SNE field offshore Senegal, which could b...

South Africa >>  11/20/2017 - Africa Energy Corp. (AFE) (Africa Energy) announces the signature of definitive agreements to acquire an effective 4.9% interest in the Exploration Ri...
United Kingdom >>  11/20/2017 - Wood has commenced a multi-million dollar, evergreen contract to act as operating partner of the Scottish Area Gas Evacuation (SAGE) system and Beryl ...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Zambia Oil & Gas 1 >> 

More News

 

Oil & Gas Companies in Zambia >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.