Tullow seeks rapid FID for Kenya oil project
The London-based firm, which made an operating profit in 2017 for the first time in three years, says it is in talks with the government over a $1.1bn pipeline
Tullow Oil says it wants to make a final investment decision on the development of reserves in Kenya's South Lokichar Basin in 2019, as it seeks to take advantage of prevailing low industry costs to keep project expenditure down. The development has been in limbo for several months, hamstrung by disputes with communities around the oilfields close to Lake Turkana in northern Kenya over revenue sharing and by uncertainty surrounding last year's disputed Kenyan presidential election. Chief executive Paul McDade said the company's relationship with both the Kenyan government and the population in the Turkana region had improved. "We are really back heavily engaged with the government in Nairobi
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