Tullow Oil Hits Dry Well in Cheptuket Well in Block 12A – Source

Three months after the drilling of the wildcat well in block 12A commenced OilNews Kenya has learnt from a source who chose to be anonymous that the well has since … Read More

Tullow Oil Slashes East Africa Exploration Budget Focuses on Pre-Development Stage

Tullow Oil has slashed its exploration and appraisal budget by 50 percent compared to 2015 to just $100 million as the company allocated $150 million to pre-development expenditure. The reduction … Read More

Emesek-1 exploration well in Kenya’s North Turkana basin Disappoints

The Emesek-1 exploration well also known as the Tausi prospect located in the North Turkana basin in Block 13T failed to encounter any oil and will be plugged and abandoned. The … Read More

Africa Oil in $100m Equity Raise to fund exploration, appraisal plans in South Lokichar onshore Kenya

Africa Oil has announced plans to raise US$100m in new equity through a private placement to fund the ongoing appraisal and pre-development activities in the core South Lokichar Basin onshore … Read More

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

[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

Tullow Oil, Africa Oil receive 1 year extension in block 10BB, 13T

The Kenyan government has approved extension of the exploration license in blocks 10BB and 13T by one year following delays in acquisition of 3D seismic. Following the approval exploration periods … Read More