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.