Home Business Longer wait for oil cash as Tullow revises output plan

Longer wait for oil cash as Tullow revises output plan

tullow oil exploration turkana county lokichar basin
[Image source: NMG File Photo]
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Business Daily | by Edwin Okoth


British explorer Tullow Oil and its partner Africa Oil Corp will submit an updated plan for Kenya’s crude oil production later this year, extending the wait for the yields from the resources.

Tullow last year received an extension to its exploration licences in Kenya to the end of 2021 in the wake of a three-months freeze attributed to disruptions from Covid -19.

“Tullow and its Joint Venture Partners are now re-working the development project to ensure that…

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[Image source: NMG File Photo]

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