Africa Oil Corp (AOIFF)

[douginil]

Tullow says Turkana oil project facing delays

Macharia Kamau 26th Apr 2019 08:52:02 GMT +0300


NAIROBI, KENYA: Kenya may not be an oil exporter by 2022 as Tullow cites delays by the Government to make key decisions to enable the project to move forward.

The firm had expected that its joint investment partners and the Government would be able to make the Final Investment Decision (FID) by the end this year but this is likely to spill to 2020.

Tullow Oil has also pushed forward the date for the export of the first cargo of oil produced under the pilot scheme to September, from the earlier planned date of June 2019.

In a statement yesterday, the British oil explorer yesterday said reaching an FID for the Kenyan project by end of 2019 was an ambitious target. The company has in the past said it expected all the partners as well as Government to commit resources for the commercial production phase – what is termed as the Final Investment Decision (FID) – by end of this year but this might now come next year.

Read More at:
https://www.standardmedia.co.ke/business/article/2001322759/why-kenya-may-not-be-oil-exporter-by-2022

{Picture - Trucks of the first crude oil consignment from Lokichar,Turkana, arrive at the Mombasa's Changamwe KPRL storage facility in Mombasa County on Thursday,07th June,2018 afternoon. [Maarufu Mohamed,Standard] }