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DOHA
Qatar Petroleum (QP) 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, QP announced in a statement on Tuesday.
The agreement is subject to customary regulatory approvals by the government of Kenya. Following such approval, the partners comprising the consortium will consist of affiliates of each of Eni (the operator) with a 41.25 percent participating interest, Total with a 33.75 percent participating interest, and Qatar Petroleum with a 25 percent participating interest, the statement added.
HE Saad Sherida al Kaabi, Minister of State for Energy Affairs, President and CEO of Qatar Petroleum, 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.”
Kaabi added, “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. I would like to take this opportunity to thank the Kenyan authorities and our partners for their ongoing and continued support.”
The three offshore block (L11A, L11B and L12) 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 approximately 15,000 square kilometres, with water depths ranging from about 1000 metres to 3,000 metres.
In line with its growth strategy, this opportunity strengthens Qatar Petroleum’s position in the exploration of frontier basins with significant hydrocarbon resource potential, the statement said.
DOHA
Qatar Petroleum (QP) 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, QP announced in a statement on Tuesday.
The agreement is subject to customary regulatory approvals by the government of Kenya. Following such approval, the partners comprising the consortium will consist of affiliates of each of Eni (the operator) with a 41.25 percent participating interest, Total with a 33.75 percent participating interest, and Qatar Petroleum with a 25 percent participating interest, the statement added.
HE Saad Sherida al Kaabi, Minister of State for Energy Affairs, President and CEO of Qatar Petroleum, 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.”
Kaabi added, “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. I would like to take this opportunity to thank the Kenyan authorities and our partners for their ongoing and continued support.”
The three offshore block (L11A, L11B and L12) 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 approximately 15,000 square kilometres, with water depths ranging from about 1000 metres to 3,000 metres.
In line with its growth strategy, this opportunity strengthens Qatar Petroleum’s position in the exploration of frontier basins with significant hydrocarbon resource potential, the statement said.
