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Originally published by Capital Business
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business
July 22, 2025
4mo ago

Gulf Energy to acquire Tullow Oil Kenyan assets after deal

Gulf Energy to acquire Tullow Oil Kenyan assets after deal

NAIROBI, Kenya, July 22 - Auron Energy E&P Limited, an affiliate of Kenya’s Gulf Energy, will acquire Tullow Oil Kenyan assets after signing a sale Kenya breaking news | Kenya news today |..

✨ Key Highlights

Auron Energy E&P Limited, part of Gulf Energy, is set to acquire Tullow Oil's Kenyan assets in a transaction valued at $120 million.

  • Payments include an initial $40 million upon completion, followed by further payments due by 2026 and 2028.
  • Richard Miller, Chief Financial Officer and Interim Chief Executive Officer of Tullow, highlighted the strategic importance of the deal.
  • The acquisition aligns with Tullow's goal to improve its balance sheet and is part of a broader strategy to optimize capital structure in 2025.

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Corporate Developments in Energy and Technology

Gulf Energy set to acquire Tullow Oil Kenyan assets; OpenAI signs deal with UK to use AI in public services.

OpenAI, UK sign deal to use AI in public services
OpenAI, UK sign deal to use AI in public services

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