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Tullow Suspends Kenyan Oil Export Program

Source: 6/2/2020, Location: Africa

Tullow Oil’s export and testing of Kenya’s crude under a pilot plan ended June 2, as timelines for development in the East African nation slowed. The contract for trucking crude from northern Kenya to Mombasa city at the coast for shipment expired after running for two years.

While Tullow is confident the so-called Early Oil Pilot Scheme will help prepare the partners in moving to full field development, progress has slowed. It is unlikely a final investment decision will be reached in Kenya this year as earlier anticipated, according to Tullow, which is now focused on managing debt after a plunge in oil prices.

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