Tullow sees progress in Kenya
The company might not have given up on its Kenyan ambitions
Anglo-Irish independent Tullow Oil is much more positive about its Kenyan prospects than previously, with CEO Rahul Dhir citing “significant government support” and saying the development is making “good progress”. That stands in contrast to earlier this year, when the debt-burdened firm said it was carrying out a “comprehensive review” and considering its “strategic options” in Kenya, while also divesting other, non-producing assets to refocus on its Ghanaian operations. Tullow holds 50pc stakes in four blocks in the South Lokichar basin in Kenya’s Turkana district in partnership with TotalEnergies (25pc) and Canada’s Africa Oil Corp (25pc), as well as 100pc in another block in the region
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