Eni enters Kenya with the acquisition of three exploration blocks

abarrelfullabarrelfull wrote on 02 Jul 2012 13:03
Tags: africa eni kenya upstream

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Eni announces the signing of three product sharing contracts, awarded by the government of Kenya, for the acquisition of exploration blocks: L-21, L-23 and L-24, thus marking the entry of Eni in the country. The blocks are located in the deep and ultra-deep waters of the Lamu Basin, off the coast of Kenya.

The initial exploration phase of the three blocks, which will be operated by Eni with 100% participation and cover an area of more than 35,000 square kilometers, will consist of the execution of a seismic acquisition program.

Eni's entry into Kenya reinforces its presence in the exploration of the frontier basins of East Africa, which has recently led to the discovery of significant volumes of natural gas in the deep waters of Mozambique.

With this operation, Eni further strengthens its leadership in Sub-Saharan region where it is already present in Nigeria, Republic of Congo, Ghana, Togo, Angola, Democratic Republic of Congo and Mozambique with an operated overall production of 450,000 barrels of oil equivalent per day and a rapidly growing exploration activity.

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