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 […]..
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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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Kenyan Government Advances Sugar and Oil Projects Amid Housing Levy Challenge - September 2025
The Kenya Sugar Board (KSB) announced that all four state-owned sugar mills recently leased to private investors will be fully operational by the end of October, with two already running. In the energy sector, the government is accelerating efforts to commercialize Turkana oil discoveries after Tullow Oil exited Kenya. Tullow Oil sold its entire business to Auron Energy E&P Limited, an affiliate of Gulf Energy Ltd, after 14 years in the country. This transaction is considered a significant step for Kenya's ambition to become an oil exporter. Concurrently, the government's mandatory housing levy is being challenged in court. Civil society organizations filed a petition at the High Court to halt the levy, arguing it is unconstitutional and exacerbates poverty.
