Total’s subsidiary, Total E&P Kenya B.V. has acquired a 40% stake in five offshore exploration blocks in the Lamu Basin, offshore Kenya. The acquired Blocks, L5, L7, L11a, L11b and L12, cover an area of more than 8.7 million acres (35,500 square kilometers) in water depths of between 328 and 9,843 feet (100 and 3,000 meters).
Total will earn a 20% stake from Anadarko Kenya, which will continue to operate the permits with a 50% interest; a 5% interest from Cove Energy, which will maintain a 10% interest in the permits; and a 15% interest from Dynamic Global Advisors, which is selling all of its interest to Total.
Currently, a 864,869 acre (3,500 square kilometer) 3D seismic survey is currently underway. If the results are acceptable, the operator will drill one or more exploratory wells.
Most Popular Articles
From the Career Center
Jobs that may interest you