All eyes on Gulf Energy as Tullow seals Kenya assets sale deal

Tullow Oil has completed the sale of its Kenya assets to Gulf Energy Ltd, shifting the pressure to realise Kenya's oil dream to the local firm...

✨ Key Highlights

Tullow has reportedly finalized a deal to sell its Kenya assets, with all eyes now on Gulf Energy regarding their involvement. This development marks a significant shift in the country's oil and gas sector.

The sale involves Tullow's Kenya assets, which have been a key focus in the nation's energy future.
Gulf Energy is specifically highlighted as a central player in the aftermath of this deal.
This transaction is expected to redefine the landscape of oil exploration and production in Kenya.

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Tullow Oil has officially exited Kenya after 14 years, finalizing the sale of its assets to Gulf Energy Limited for $120 million (Ksh15.5 billion). The British oil company received the first installment of $40 million (Ksh5.2 billion), with further payments contingent on project milestones and oil prices.

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