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Originally published by Capital Business
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business
November 7, 2025
8h ago

Parliament to ratify Turkana oil, gas extraction deal by Gulf Energy

Parliament to ratify Turkana oil, gas extraction deal by Gulf Energy

NAIROBI, Kenya, Nov 7 - Parliament is set to ratify the extraction of oil and gas in Turkana by Gulf Energy E&P B.V., paving the way for Kenya’s Kenya breaking news | Kenya news today |..

✨ Key Highlights

Kenya's Parliament is poised to ratify a deal for Gulf Energy E&P B.V. to extract oil and gas in Turkana, signaling a major step towards commercial production. The Cabinet Secretary for Energy and Petroleum, Opiyo Wandayi, has approved the Field Development Plan (FDP) and will present it to Parliament within 30 days.

  • The FDP approval follows Tullow Oil Plc's sale of its interest in Kenya to Auron Energy E&P Limited (an affiliate of Gulf Energy Ltd).
  • Tullow confirmed receiving the first payment of $40 million, with two more payments of $40 million each expected in 2026 and 2028.
  • The ratification aims to revive Kenya's long-delayed oil ambitions, with Gulf Energy's entry expected to accelerate field development.

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