State-owned oil firm Qatar Petroleum announced Tuesday the acquisition of interests in three blocks in offshore Kenya, Kallanish Energy reports.
The L11A, L11B and L12 blocks are located in the Lamu Basin, in the eastern part of the country, covering 5,790 square miles in water depths between 3,280 feet and 9,840 feet in the Indian Ocean.
After receiving regulatory approvals by the government of Kenya, Qatar Petroleum and French supermajor Total will own 25% and 33.75% participating interest, respectively. Italian energy multinational Eni will own a 41.25% operating interest.
“We are pleased to sign this agreement to participate in exploring these frontier offshore areas in Kenya and to further strengthen our presence in Africa,” Saad Sherida Al-Kaabi, the minister of State for Energy Affairs, and president & Ceo of Qatar Petroleum, said in a release.
This post appeared first on Kallanish Energy News.