Completion of farm-out of Kenya's Block 12B

摘要

SWALA ENERGY LTB has announced the completion of the farm-out agreement for a 25 per cent working interest in Block 12B (Kenya) to Compahia Espanola de Petroleos, SAU (CEPSA), a blue chip international integrated oil and gas company. As previously announced, the farm-out agreement was subject to certain conditions that included the consent of the Kenyan Government and the Competition Authority of Kenya. These consents have now been received and the farm-out agreement has been finalised and is unconditional. CEPSA is a Spanish integrated energy company operating at every stage of the oil value chain. CEPSA is 100 per cent-owned by the Abu Dhabi government's IPIC (International Petroleum investment Company) and is Spain's fourth largest industrial group.