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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

EOPS: 30,000 Barrels of Crude Oil Stored in Mombasa

Already 30,000 barrels of crude oil have been stored at the Mombasa based refinery since the trucking of stored oil at the Ngamia fields in mid this years. Currently the … Read More

New Assessment of Resources in South Lokichar Shows 25% lower Than Reported

A new full assessment of all the exploration and appraisal data, Tullow estimates that the South Lokichar basin contains the following recoverable resources 560mmbo 2C down from 766mmbo reported earlier … Read More

Amosing 7 Well Successful As Exploration and Appraisal Drilling In South Lokichar Concludes

The Amosing 7 appraisal well drilled using the Marriot Rig 46 has encountered 25 meters of net oil and gas pay concluding the 2017 exploration and appraisal drilling campaign on a … 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

Kenya Seeks Experts to Review the South Lokichar Field Development Plan

Kenya’s Ministry of Energy and Petroleum through the World Bank funded Kenya Petroleum Technical assistance project has requested for the submissions of expressions of interest to review and ascertain the … Read More

Tullow Oil Receives 3 Year License Extension in Kenya’s Blocks 10BB, 13T

Tullow has announced it has reached an agreement with the Government of Kenya to extend the exploration period for Blocks 10BB and 13T in South Lokichar to 18 September 2020 … Read More

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