The Energy and Petroleum Regulatory Authority (EPRA) plans to introduce new legislation by December to regulate upstream oil investments, preparing Kenya for the commercialization of its crude oil resources discovered in Turkana. This move comes as EPRA awaits the revised Field Development Plan for the Lokichar Basin.

• EPRA has drafted seven key upstream regulations, including rules on local content, cost management, and safety, which are currently undergoing public participation.
• Director General Daniel Kiptoo stated the rules aim to ensure Kenya benefits from its oil resources while protecting local communities and the environment.
• The South Lokichar Basin has an estimated 585 million barrels of oil, and the new regulations will provide a framework for exploitation.
• Recently, Tullow Oil Plc announced the sale of its entire Kenyan portfolio to Gulf Energy Limited for at least $120 million (Sh15.5 billion).
• Kenya has also gazetted 50 oil and gas blocks across various basins, open for exploration and investment.