Africa Business News World

Total signs Kenya oil exploration contract

A logo for oil giant Total is seen at a petrol station in London February 12, 2008. REUTERS/Stephen Hird
A logo for oil giant Total is seen at a petrol station in London February 12, 2008. REUTERS/Stephen Hird

PARIS (Reuters) – France’s Total said it signed a production sharing contract with the Kenyan government to explore for oil in 2,000-3,500 metre deep waters off the Lamu Archipelago.

Jacques Marraud des Grottes, Total senior vice president for exploration and production in Africa, said in a statement on Wednesday that the deal fitted with the group’s “strategy of building a strong presence in the new basins of East Africa offering high-potential plays for exploration”.

Total has been present in Kenya since 1955 through Total Kenya, headquartered in Nairobi. Total has been present in exploration and production there only since 2011.

Article from: af.reuters.com

We Recommend

The yoopya.com portal presents worldwide news, covering a large spectrum of content categories including Entertainment, Politics, Sports, Health, Education, Science and Technology and more. Top local and global news in the best possible journalistic quality. We connect users via a free webmail service and innovative.

Total signs Kenya oil exploration contract

Discover more from Top Local & Global trusted News | Secure Email Account

Subscribe now to keep reading and get access to the full archive.

Continue reading