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Flash News

LIBYA: TotalEnergies Announces the Restart of Production at the Mabruk Field

GABON: Assala Energy announces hydrocarbon discovery at Magoga-A

NIGERIA: TGS Announces Multi-client 3D Survey Offshore Eastern Niger Delta

BENIN: Lime Petroleum Holding Announces Hook-up of MOPU and FSO on the Sèmè Field

GABON: VAALCO Energy Provides Operational Update on Offshore Drilling Program

KENYA: Tullow Oil Reports Receipt of Tranche B payment for sale of South Lokichar assets

EGYPT: ABL Awarded Offshore Gig at Kamose field

SOUTH AFRICA: Lyra Energy Secures Private Sector Offtake for a 255 MW Solar Power Plant

Helium One Global Says ESP Testing Demonstrates Enhanced Flow Rates & Supports Strategic Farmout Process

BENIN: Lime Petroleum Announces First Oil from the AK-2H well Warns it May be Unable to Meet its Financial Obligations

Wednesday, March 18, 2026

Tag: exploration expenditure

Tullow Oil cuts exploration capital expenditure by 80% in 2015 following oil price drop
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Tullow Oil cuts exploration capital expenditure by 80% in 2015 following oil price drop

Samuel Kamau Mbote January 15, 2015

[twitter-follow screen_name=’oilnewskenya’] Tullow Oil has said it will be shrinking its 2015 exploration expenditure capital to just $200 million from $1 billion in 2014 as it takes steps to strengthen … Read More

Amosing wellEast AfricaEngomo-1Epir-1Exploration and Productionexploration expenditureKerio Valley BasinLekep-1Ngamia-5Ngamia-6Oil price fropSouth Lokichar basinTullow OilTurkana Basin Comment on Tullow Oil cuts exploration capital expenditure by 80% in 2015 following oil price drop
Tullow Oil cuts on offshore exploration to focus on East Africa acreage as crude oil price drop
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Tullow Oil cuts on offshore exploration to focus on East Africa acreage as crude oil price drop

Samuel Kamau Mbote November 12, 2014

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

AfricaAidan HeaveyAtlanticBlock 10ABlock 10BAblock 12ABlock 13TBlock L8block10BBCrude oil priceEast Africaexplorationexploration expenditureKenyaoffshoreOnshoreTullow OilUgandaWest Africa 2 Comments on Tullow Oil cuts on offshore exploration to focus on East Africa acreage as crude oil price drop

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