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By Steve Umidha
Geothermal Development Company (GDC) and National Oil Corporation of Kenya have entered into an agreement that will see the two firms offer joint oil and gas drilling services in Kenya and the region.
The partnership will see the two state agencies jointly bid and undertake drilling activities by leveraging on their individual and collective technical expertise.
“As GDC, we are excited to be entering into this agreement with National Oil. This strategic partnership presents a unique opportunity for GDC’s ongoing efforts to optimize its assets in revenue generation,” said Eng. Ole Nchoe, GDC’s Managing Director and CEO.
National Oil’s acting chief executive officer Ms. MaryJane Mwangi said the pact would help accelerate opportunities in to the country’s emerging petroleum sector in oil and gas drilling.
“The future of oil and gas exploration and production in our country and the region is very promising. Recent oil and gas discoveries in Kenya and Uganda have made the East African region attractive for companies that offer drilling services. This is the opportunity that the National Oil-GDC partnership seeks to exploit,” said Mary Jane.
The MoU will see GDC offer National Oil drilling equipment as well as related specialized drilling services. Specifically, GDC will provide National Oil with one deep-drilling rig and personnel.
Other aspects of the agreement include capacity building, provision of support services; sharing of equipment and facilities, joint tendering for consultancy and technical services, as well as information and knowledge exchange.