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KENYA: Upstream & Pipeline Revised Plans Drive Costs to $3.4B

The total gross capital expenditure (capex), which covers both the upstream and the pipeline to First Oil, is expected to increase to $3.4 billion as the KJV revised the previous … Read More

KENYA: KJV Seek Higher Crude Oil Production for Faster Capital Returns

The Kenya Joint Venture comprising of Tullow Oil, Total and Africa Oil seeks to increase the amount of oil produced per day in a “newly redesigned and optimized” plan in … Read More

Africa Oil Announces 2020 Fourth Quarter Results

Highlights Africa Oil fourth quarter net income of $79.8 million and full-year net income of $198.0 million, excluding a $215.6 million non-cash impairment of Kenya exploration assets posted in the first quarter 2020. Strong quarterly profit contribution … Read More

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