Tullow-led joint venture reveals revised Kenya plans
Kenya’s ambitions to become a crude exporter might be back on track, as Tullow and partners have revised their Turkana plans
Anglo-Irish independent Tullow Oil and its partners have revised their stalled Kenyan plans and are seeking fresh investors in the updated development. The Turkana joint venture—comprising Tullow (50pc), French major TotalEnergies (25pc) and Canada’s Africa Oil Corp (25pc)—has submitted a fresh, draft field development plan (FDP) to Kenya’s government. The partners intend to present a final FDP by the end of this year, following any feedback from the Ministry of Energy & Petroleum. Tullow says the JV is “actively seeking strategic partners for the project”, and that they intend to secure new stakeholders before taking a final investment decision. The partners are working on finalising co
Also in this section
19 April 2024
Cairo’s currency problems have hindered investment, but Pharos sees considerable potential as Egypt emerges from crisis
18 April 2024
The Norwegian energy company is concentrating its efforts on specific regions and assets that meet strict cost and carbon criteria
17 April 2024
Uzbekistan and Kazakhstan provide opportunities after Europe turns it back, while also offering another gateway to China
16 April 2024
Commentators need to shake off the myths of the past, with rising oil prices a boon for US economy