Acquisitions and Divestitures: News for Oil & Gas and Hydrocarbon Industries  Membership Services »
Gulf Oil and Gas grow your business
Home News Events Projects Tenders Unconventionals Community | My Account Gulfoilandgas rss feed Follow us on Facebook  Jobs 
Products and vendors Services and providers Oil & Gas Software and publications

Total Steps Up Exploration in Kenya with the Award of L22

Source: www.gulfoilandgas.com 6/27/2012, Location: Africa

Share |

Total announced the signature of a production sharing contract with the Kenyan government for Block L22, which it will operate with a 100% interest. Covering an area of more than 10,000 square kilometers, the exploration license is located offshore the Lamu Archipelago in water depths of between 2,000 and 3,500 meters. The first phase of the exploration program consists of a 3D seismic survey.

Following the signing ceremony, Jacques Marraud des Grottes, Senior Vice President for Exploration & Production in Africa commented: “This most recent award is aligned with Total’s strategy of building a strong presence in the new basins of East Africa offering high-potential plays for exploration by leveraging our internationally recognized deep offshore expertise.”

Total in Kenya

Total has been present in Kenya — one of its longest established host countries — since 1955 through Total Kenya, headquartered in Nairobi. Total Kenya is listed on the Nairobi Stock Exchange and employs 385 people. Market leader since its acquisition of Chevron’s assets in 2009, Total Kenya conducts the Group’s marketing operations in the country, notably with a network of 167 service stations, and positions in general retail, lubricants, LPG and aviation fuel distribution.

Total has been present in exploration and production in Kenya since 2011 and holds a 40% interest in the L5, L7, L11a, L11b and L12 exploration licenses in the Lamu Basin, which are operated by Anadarko. Drilling of an exploration well is scheduled to begin in 2012.

Acquisitions and Divestitures News in Kenya >>

LGO Announces Collaboration with BOLT in Trinidad
Trinidad and Tobago >>  6/20/2013 - LGO announces the signature of a Letter of Intent ("LOI") with Beach Oilfield Limited ("BOLT"), a private Trinidadian registered company, regarding cr...
Total & a Turkish Company Pick Kurdish Oil Blocks
Iraq >>  6/19/2013 - After negotiations failed to resolve the disputes over oil and land in Iraq, Kurdistan Regional Government (KRG) has given a number of licenses for oi...

Lekoil Limited Proposes Acquisition of Interest in OML113
Nigeria >>  6/18/2013 - Panoro Energy ASA is pleased to announce that its wholly owned subsidiary Pan Petroleum Aje Limited, has entered into a Sale and Purchase Agreement (t...
Total Acquire 33,335% Interest in Bokhtar PSC in Tajikistan
Tajikistan >>  6/18/2013 - Total E&P Tajikistan B.V., a subsidiary of Total announces today the finalization of the acquisition of an interest in the Bokhtar PSC in Tajikistan, ...

Vanoil's TEA Expires with Rwandan MNR
Rwanda >>  6/17/2013 - Vanoil Energy Ltd, reports that the current Technical Evaluation Agreement (TEA) with the Rwandan Ministry of Natural Resources has expired effective ...
RWE Dea Awarded Operatorship in New Norwegian License
Norway >>  6/14/2013 - In the 22nd licensing round, the Norwegian Ministry of Petroleum and Energy has offered RWE Dea Norge a new production license as operator. ...



Related Categories: Acquisitions and Divestitures  Economics/Financial Analysis  General  Investment  Risk Management 

Related Articles: Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  Gas Export  General  Investment  Mergers and Acquisitions  Oil Trade 


Kenya Oil & Gas 1 >>  2 | 3 |



More News

Oil & Gas Projects in Kenya >>

Oil & Gas Companies in Kenya >>

Related Links

Countries Quick Links

AO BJ CD CG CI CM DZ EG ET GA GH GN GQ KE LR LY MA MG ML MR MZ NA NE NG RW SC SD SL SN SO ST TD TN TZ UG ZA ZM
Gulf Oil and Gas E-Marketplace - Promote your Business - About Us
Copyright © Universal Solutions All rights reserved. Privacy Policy. - Contact Us