Total, Kenya Sign PSC for L22 Offshore Block
- Business & Finance
French supermajor Total has signed a production sharing contract (PSC) with the Kenyan government for Block L22.
Total, which has been present in exploration and production in Kenya since 2011, will operate the block 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 said: “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.”
It is worth mentioning that Total holds a 40% interest in the L5, L7, L11a, L11b and L12 exploration licenses in the Lamu Basin, which are operated by Anadarko.
Offshore Energy Today Staff, June 27, 2012