Statoil 'getting hands on' Kenya entry ticket

Entering Kenya: Statoil

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Steve Marshall

 03 August 2012 13:33 GMT

Statoil is poised to make its entry into Kenya with the signing of a deal to gain exploration rights to a deep-water block reported to be imminent.

The Norwegian state oil company, which has already seen exploration success off neighbouring Tanzania, is keen to expand its position in the hot East African play after a succession of major gas discoveries by several players in the region.

It follows acreage awards off Kenya earlier this summer for rival majors Total and Eni, with the French giant picking up Block L22 and the Italian player signing production sharing contracts for blocks L21, L23 and L24, with all the tracts located in the newly redemarcated Lamu basin.

Statoil is…

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