Kenya/Tanzania: Farmouts, Octant Afren buy

East Africa continues to be a hive of activity, despite the slowdown in much of the African upstream sector. Denmark’s Maersk Oil & Gas has agreed to farm into Africa Oil Corporation’s assets in Kenya and Ethiopia, while Cameroon player Bowleven is expanding its East African portfolio with a stake in Afren’s Tanzania gas assets. Tullow Oil’s Emesek exploration well in the North Lokichar Basin has come up dry, and Richard Schmitt’s Octant Energy has bought Afren’s assets in Kenya and Tanzania.