Is Africa Oil Losing Faith in Kenyan Venture?
Whereas South Lokichar’s basin Project Oil Kenya has significantly featured in Africa Oil main assets highlights since 2012 this seems to have changed in the last seven months. This is … Read More
Tag: Project Oil Kenya
KENYA: Government Has Until November to Review Project Kenya Field Development Plan
Project Oil Kenya leading joint venture has said it is waiting for the Government of Kenya to review field development plan submitted 10th December 2021 before the JV can undertake … Read More
KENYA: Could India Be Eyeing Blocks 10BB & 13T?
After weeks of speculation of an Indian company entering the Kenyan upstream sector scene accompanied by media reports of an Indian oil refiner eyeing the Lokichar basin a meeting between … Read More
Tullow Oil CEO Issues Statement Ahead of AGM
Our company now has solid financial and operational foundations with a well-defined opportunity set to drive growth and create value. With new leadership at the Board, we are now well-placed … Read More
Africa Oil Announces Record Financial Results and 2022 Management Guidance
Highlights Record full-year net income of $190.7 million or $0.40 per share. Cash balance at December 31, 2021 of $58.9 million. Our corporate facility has been fully repaid and $100m of the facility remains available for general corporate purposes … Read More
Tullow Oil to Concentrate on it Producing Assets in 2022
2022 Outlook Group working interest oil production guidance is 55 to 61 kboepd. This forecast is based on Tullow’s existing equity interests in TEN (47.175%) and Jubilee (35.48%) and will … Read More
PROJECT OIL KENYA TO TARGET AN INITIAL PRODUCTION OF 72,000BOPD
The Project Oil Kenya will target 72,000bopd to produce oil from the Ngamia, Amosing and Twiga fields with an estimated resource of 226mmbo (2c gross) during the foundation stage putting … Read More