Comoros: Parliament ratifies block awards

The National Assembly has ratified production-sharing contracts (PSCs) awarding six blocks to four companies. Blocks A, B and C, have been awarded to Discover Exploration and Bahari Resources, while blocks D, E and F have been licensed to the US’ Western Energy Production and Jersey-registered Safari Petroleum. Discover and Bahari signed a PSC in March 2013 following the ratification by the Indian Ocean islands’ parliament in December 2012 of a new Petroleum Code aimed at bringing the country’s legislation in line with international standards.