Total signs Kenya oil exploration contract
27 June 2012, 14:09
Paris - 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.