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The Government has created 17 new oil blocks from the unused land that was returned by oil prospecting companies and raised the number of exploration blocks to 63.
The Ministry of Energy yesterday gazetted the 63 oil blocks with their new coordinates and location in what annuls the previous blocks. “In exercise of the powers conferred by section 7(1) of the Petroleum (Exploration and Production) Act, 1986, the cabinet secretary for energy and petroleum has constituted 63 petroleum exploration blocks,” Energy Secretary Charles Keter said in the gazette notice.
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