Total farms into Lamu basin blocks offshore Kenya

Total E&P Kenya has taken a 40% interest in five offshore exploration blocks in Kenya’s Lamu basin.

Offshore staff

PARIS – Total E&P Kenya has taken a 40% interest in five offshore exploration blocks in Kenya’s Lamu basin.

Subject to approval by the Kenyan authorities, the company will farm into blocks L5, L7, L11a, L11b and L12 by acquiring: 
• 20% interest from Anadarko Kenya Company, which will continue to be operate the permits 
• 5% interest from Cove Energy, which will remain a partner 
• 15% stake from Dynamic Global Advisors, comprising the latter’s entire interest in the blocks.

The five concession covering an area of more than 30,500 sq km (11,776 sq mi) offshore the Lamu Archipelago in water depths of 100-3,000 m (328-9,842 ft).

Currently a 3,500-sq km 3D seismic survey is in progress, results of which could lead to drilling of one or more exploration wells.

09/21/2011

More in Regional Reports