Delonex Energy Awarded Exploration License in Ethiopia

Source: www.gulfoilandgas.com 8/25/2014, Location: Africa

Delonex Energy Limited has been awarded an exploration license in Ethiopia. The license covers Blocks 18, 19 and 21 located in the Abred-Ferfer area, Ethiopia with a total acreage of 29,865 sq km.The license covers an initial exploration period of three years with a provision for two extensions of two years each.

Delonex Energy is leveraging its technical expertise, proven project execution skills and strong balance sheet to fast track the exploration and development of hydrocarbons for the benefit of our host nations.

Rahul Dhir, CEO of Delonex Energy, commented, “We thank the Government of Ethiopia for awarding us an exploration license in the Abred-Ferfer area. We have designed acomprehensive exploration programme leveraging best-in-class technology, to test the oil & gas potential in the region.

We will work closely with the Ethiopian government and local communities, to ensure this work programme is implemented rapidly and in line with highest standards of Environmental, Social and Corporate Governance. ”

For more information about related Opportunities and Key Players visit East Africa Projects


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