CNOOC Signs Deals in Kenya Exploration

CNOOC Ltd. has signed production-sharing contracts for six blocks in Kenya, marking the company's first exploration foray into East Africa. The agreement was signed by CNOOC Africa Ltd, a subsidiary of CNOOC. However, no financial details were released. The six blocks, covering 115,343 square kilometers, are located in three basins in Kenya and the exploration will be divided into three phases. (Source: Shanghai Daily)