Project Oil Kenya delayed despite fresh agreement
The FID timetable has slipped due to environmental and social impact consultation hold ups
The Kenyan government reached agreement with Tullow Oil, Total and Africa Oil on 25 June over a planned development of oil discoveries in the north of the country known as Project Oil Kenya. But Anglo-Irish operator Tullow's announcement on the following day that it was postponing a final investment decision (FID) until 2020 underlines that there is still much to be done. The partners signed heads of terms (HoT) with the government covering the main key fiscal and commercial principles for the development of discoveries in blocks 10BB and 13T in the South Lokichar Basin, near Lake Turkana. The agreement provides "a framework and commercial certainty required to move ahead with negotiating th

Also in this section
14 March 2025
Gas production slumped to an eight-year low in 2024, but new discoveries and partnership with Cyprus paint a more positive outlook
13 March 2025
Gas will become a more important part of the energy mix longer-term, raising the alarm for much-need investment as supply struggles to keep up with demand
13 March 2025
The spectre of Saudi Arabia’s 2020 market share strategy haunts a suffering OPEC+ as Trump upends the energy world
12 March 2025
Petronas-Eni eyes joint venture to prioritise key gas developments, with huge opportunities for growth in Indonesia and a steady Malaysia portfolio