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Tullow wins more time in Kenya

Tullow wins more time in Kenya

Tullow Oil and partners in Kenya have won more time to work out how to produce the South Lokichar oil. The Kenyan government has approved extensions to the exploration licences on Blocks 10BB and 13T to the end of 2021. The Kenyan Ministry of Mines and Petroleum has also approved the work programme and budget for 2021.

These extensions allow Tullow, and Total and Africa Oil, to reconsider plans for the development. Speaking at Tullow’s recent Capital Markets Day, group executives talked of the importance of creating a project that would work at low oil prices while sticking with its phased development concept.

The partners will work with the government over the next few months on land and water agreements, it said. The aim is to secure Environmental and Social Impact Assessments (ESIAs) and finalise the commercial framework. Once this work has been completed, the group will be able to submit the Field Development Plans (FDPs) to the government.

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Source: EnergyVoice

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