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Maersk Oil to focus on Kenya after Qatar contract loss

Workers at a Tullow oil rig in Turkana: The firm is working with partners Africa Oil and A.P. Moller-Maersk to develop finds in the South Lokichar Basin in northwest Kenya. PHOTO | FILE
Workers at a Tullow oil rig in Turkana. Maersk Oil, a unit of Danish conglomerate A. P. Moller-Maersk, will focus on building on its operations in the North Sea and in Kenya. PHOTO | FILE 

Maersk Oil, a unit of Danish conglomerate A. P. Moller-Maersk, will focus on building on its operations in the North Sea and in Kenya, after it lost the contract to operate Qatar's largest offshore oilfield.

Maersk Oil owns 25 per cent of of the three exploration blocks owned by Tullow and Africa Oil Corp.

France's Total on Monday won a 30 per cent stake in a new 25-year contract to operate the Al-Shaheen oilfield, a blow to Maersk, which has been operating the oilfield since 1992.

"Going forward it gives us clarity and gives us a good opportunity to focus on building on our material business in the North Sea, and in Kenya and other areas," the head of Maersk Oil Jakob Thomasen told Reuters in a telephone interview.

Maersk has operations in the British, Norwegian and Danish parts of the North Sea.

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