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QP signs agreement to enter three exploration blocks in Kenya

QP signs agreement to enter three exploration blocks in Kenya

Qatar Petroleum has entered into an agreement with Eni and Total to acquire a 25 percent participating interest (13.75 percent from Eni and 11.25 percent from Total) in blocks L11A, L11B and L12 located offshore Kenya.
The three offshore block are situated in what is considered to be a frontier and largely unexplored area in the Lamu basin east of Kenya and have a total area of 15,000 square kilometers, with water depths ranging from about 1000 meters to 3,000 meters.
The agreement is subject to customary regulatory approvals by the government of Kenya. Minister of State for Energy Affairs, and President & CEO of Qatar Petroleum HE Saad Sherida al Kaabi said, “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. We hope that the exploration efforts are successful, and we look forward to collaborating with our valuable partners Eni and Total, and the government of Kenya in these blocks.”

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