White Nile lands Ethiopia double
Ethiopia has signed an oil exploration deal with UK player White Nile for
the Omo and Chew Bahir basins in the south of the country, the Ministry of
Mines & Energy announced today.
"The agreement enables White Nile to carry out petroleum exploration and
development over a 29,465 square kilometre area ... in the Omo and Chew
Bahir areas considered to be with great petroleum potential," Reuters quoted
the ministry as saying.
The company and ministry officials have been evaluating petroleum potential
in the region under an agreement they signed last year, the ministry's
statement added.
The company has also acquired other exploration rights in Southern Sudan and
Northern Kenya, areas that are geologically similar to that of Ethiopia's
Rift basin, the ministry said.
Twelve oil prospecting companies are exploring in different parts of
Ethiopia; in the west bordering Sudan, in the Ogaden and the Nile Basin in
the north, officials said.
16 January 2008 09:23 GMT
| last updated:
16 January 2008 09:26 GMT
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