Qatar Petroleum buys into three blocks offshore Kenya

Qatar Petroleum buys into three blocks offshore Kenya

Qatar Petroleum has reached a deal to acquire a 25% interesting in three exploration blocks off Kenya.

The agreement, which is subject to approvals by the government of Kenya, is for the L11A, L11B and L12 blocks in the Lamu basin east of Kenya.

Operator Eni will have a stake of 41.25% and Total 33.75% after the deal is completed.

Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs and president & CEO of Qatar Petroleum, commented: “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. I would like to take this opportunity to thank the Kenyan authorities and our partners for their ongoing and continued support.”

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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