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Thursday, July 25, 2019
Qatar Petroleum has picked up stakes in three blocks offshore Kenya through a deal with ENI and Total. The three offshore blocks are L11A, L11B, and L12. The blocks are located in what is considered to be a frontier and largely unexplored area in the Lamu Basin.
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 (operator) with a 41.25% participating interest, Total with a 33.75% participating interest, and Qatar Petroleum with a 25% participating interest.
Commenting on this occasion, Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, and President & 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.”
Al-Kaabi also 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.”
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