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Tullow Oil Budgets $225M in Kenya’s Pre-development, Exploration and Appraisal Expenditure in 2017

Tullow Oil has announced that it will set aside $225M of the $500M Group’s capital expenditure to Kenya’s Pre-development, Exploration and Appraisal Expenditure this year. This expenditure is expected to … Read More

Tullow Oil announces $900M farm down of Uganda assets to Total

A Sale and Purchase Agreement with an effective date of 1 January 2017 has been signed in which Tullow has agreed to transfer 21.57% of its 33.33% interests in Exploration Areas … Read More

Execution of JDA between Kenya, JV partners to Commence by Year-End

Tullow Oil has reported that it expects the Joint Development Agreement (JDA) setting out a structure for the Government of Kenya and the Kenya Joint Venture Partners (Maersk Oil, Africa … Read More

Tullow Oil To Focus on Seismic Surveys in 2017 As Exploration Expenditure Drop

Following the earlier announced cut in exploration costs by Tullow oil the explorer has said it will focus on seismic surveying, processing and interpretation, high-grading and progressing leads to drill … Read More

Tullow Oil, Africa Oil strike more oil in Kenya’s Blocks 10BB and 13T

The Ngamia field continued to register positive results with the Ngamia 7 appraisal well which was drilled to test the Ngamia oil field’s eastern flank encountering up to 130 metres … Read More

Tullow Oil cuts on offshore exploration to focus on East Africa acreage as crude oil price drop

Following the drop in global crude oil prices Tullow Oil says I will be reducing on exploration cost as well as focus on high margin oil and its major basin-opening … Read More

Uganda parliament clears Tullow Oil of corruption allegations

[twitter-follow screen_name=’oilnewskenya’] Uganda’s parliamentary ad hoc committee investigating allegations of bribery and corruption by Tullow Oil Plc in the country has said it did not find any credible evidence to … Read More

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