Tullow Oil discovers oil in Kenya’s Block 13T Erut Well
Tullow Oil plc has announced that the Erut-1 well in, Northern Kenya, has discovered a gross oil interval of 55 metres with 25 metres of net oil pay at a … Read More
Tag: Tullow Oil
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
Swala Energy Exits Kenya’s Block 12B
There is uncertainty on whether Australian firm Swala Energy which held 50 percent equity in Kenya’s block 12B has relinquished its share with the Tullow Oil website indicating that the operator now … 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
Uganda awarded Officials, Lawyers $1.65M After winning Heritage Oil Tax Dispute
A new expose by Ugandan Daily Chimp Reports newspaper has revealed that 39 government officials were awarded cash bonanzas equaling Ush6 billion (equivalent $1.65M) after winning the protracted Heritage/Tullow oil Capital … Read More
Kenya’s Onshore Upstream Sector Set to Pick Up in 2017
Upstream activity in Kenya is expected to re-surge after hitting a low in 2016 in the backdrop of low oil prices that shut down offshore activity and left the onshore … Read More
Africa Oil Announces Commencement of Drilling on Erut-1 well in Kenya
Tullow Oil joint venture partner Africa Oil has announced the resumption of drilling on Block 13T in Kenya as earlier expected and reported by OilNews Kenya. The Erut-1 well, which spudded … Read More
UK pledges $30 million to support growth and development of East Africa’s oil and gas sector
British High Commissioner, Nic Hailey has said the UK will have commit $30m towards the development of local content, technical advice towards developing legislation and regulation, research, and engagement with … Read More
Tullow Oil needs to unlock value in Kenya with a farm-out – broker
Source: ProactiveInvestors Tullow’s partner banked nearly half a billion from a farm-out earlier this year, and Numis says a similar deal could help Tullow fix its balance sheet. Tullow Oil … Read More
Uganda-Tanzania pipeline to be built by multiple contractors
Tanzania and Uganda have agreed to award the construction of the crude oil pipeline from Hoima to Tanga to multiple contractors in a bid to speed up the project. In … Read More