Qatar Petroleum’s (QP) upstream portfolio keeps on growing. And as ever, the expansions are in partnership with international majors. The latest move is an agreement with Eni and Total to buy 25% in three of the European firms’ joint blocks offshore Kenya.
QP has agreed to buy 13.75% from Eni and 11.25% from Total in three deepwater blocks off Kenya. Upon completion, which requires Nairobi’s regulatory approval, ownership of blocks L11A, L11B and L12 will be Eni 41.25%op, Total 33.75% and QP 25%. (CONTINUED - 330 WORDS)