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Originally published by The Kenyan Wall Street
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business
September 26, 2025
2h ago

Tullow Exits as State Races to Unlock Turkana Oil

Tullow Exits as State Races to Unlock Turkana Oil

Tullow Oil has completed the sale of its entire Kenyan business to Auron Energy E&P Limited, an affiliate of Gulf Energy Ltd, sealing its exit from the country after 14 […]..

✨ Key Highlights

Tullow Oil has exited Kenya after 14 years, completing the sale of its entire business to Auron Energy E&P Limited, an affiliate of Gulf Energy Ltd. This transaction marks a significant step for Kenya's ambition to become an oil exporter, as the government accelerates efforts to commercialize Turkana oil discoveries.

  • Tullow Oil received the first tranche of US$40 million out of a US$120 million deal.
  • The sale transfers Tullow’s entire stake in Tullow Kenya BV, covering Blocks 10BB, 13T and 10BA in Turkana, to Gulf Energy.
  • Ian Perks, Tullow’s new chief executive, described the transaction as "a significant milestone," while Paul Limoh, Gulf Energy CEO, stated it underscores their commitment to local energy security.
  • Kenya's Energy and Petroleum Cabinet Secretary Opiyo Wandayi has established a 33-member First Oil Technical, Commercial and Legal Working Committee to fast-track full field development and prepare for Kenya's first crude oil exports.

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