- In a recent update, the company disclosed that it is in discussions with the Energy and Petroleum Regulatory Authority of Kenya and the Ministry of Energy and Petroleum for an extension beyond the end of the current financial year.
Tullow, multinational oil, and gas exploration company has revealed that the development of Kenya’s oil project may be further delayed. In a recent update, the company disclosed that it is in discussions with the Energy and Petroleum Regulatory Authority of Kenya and the Ministry of Energy and Petroleum for an extension beyond the end of the current financial year.
Tullow owns a 50 per cent operated interest in blocks 10BB and 13T in the South Lokichar basin in Turkana while Africa Oil Corporation and French oil major Total each own a 25 per cent stake. The company discovered about one billion barrels of crude in 2012.
Once on stream, the Kenyan oilfields were expected to produce up to 100,000 barrels per day which could give a major impetus to the economy. The FDP covers the land for the development of a pipeline and oil processing facility that will pave the way for compensation of 516 landowners in Turkana County who expected to relocate from the area.
Also read;
https://trendsnafrica.com/tullow-oil-to-resume-activities-at-its-turkana-oil-sites-in-kenya/
The company has several times changed the timeliness for the final go-ahead for its onshore. The repeated shift in the timelines has created uncertainty about the project.
