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Maersk Oil has acquired licences and exploration acreage in the Turkana region of northern Kenya comprising:
“This investment adds to an already attractive non-operated onshore portfolio for Maersk Oil that includes our 25 year presence in Algeria. This is an important driver of long term value,” says Maersk Oil CEO Jakob Thomasen when announced in November 2015.
The acreage is connected to licence agreements in Ethiopia, together covering an area of 100,000 square kilometres, including eight recent oil discoveries, with ongoing exploration and appraisal activities.