Tullow hopeful of Kenya FID this year
The operator remains positive, but the future of Kenya’s first oil development remains very uncertain
Tullow Oil says that FID on the Turkana oil development in northern Kenya is still possible by the end of the year. However, the project’s operator has said it needs to farm-down at least part of its 50pc stake if the project is to proceed and the cash-strapped company could yet exit the project altogether. Tullow and its partners Total (25pc) and Canadian-registered Africa Oil Corp (25pc) had hoped to take FID by the end of 2019. This was put back due, in part, to a lengthier-than-expected process by the Kenyan authorities. Heads of terms with the government, covering legal, tax, transportation and regulatory issues, were signed in June 2019. Besides oil production in the remote Turkana r
Also in this section
11 July 2025
Equinor and its partners at Norway’s largest oilfield have pulled the trigger on a fresh $1.3b investment that will maintain high output for longer
11 July 2025
Reassessment of the country’s export-facing gas policy coincides with worsening domestic market backdrop
10 July 2025
Without sanctions relief, there is little reason to believe the latest potential attempt at exports from the Russian liquefaction project will be more successful than the one last summer
9 July 2025
Efforts to restructure and boost investment appear to be working, but doubts remain about the plan to almost double crude production by 2030
