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Originally published by The Standard Business
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February 15, 2026
4d ago

Gulf Energy to pump over Sh780b into Turkana oil project

Gulf Energy to pump over Sh780b into Turkana oil project

Local petroleum exploration firm Gulf Energy is seeking to start the production of crude oil by December, even as it pledged to maintain international best practice in the process...

✨ Key Highlights

Gulf Energy E&P BV plans to invest nearly Sh6 billion into the Turkana South Lokichar oil project, targeting crude oil production by December 1, 2026. This announcement was made during a joint parliamentary committee session reviewing the project's Field Development Plan (FDP).

  • Kenya stands to earn between $1.05 billion (Sh136 billion) and $2.9 billion (Sh377 billion) from the project over its lifetime.
  • Francis Njogu, Chairman of Gulf Energy E&P BV, described it as the most significant private-sector petroleum investment in Kenya’s history.
  • The project aims to create numerous jobs and business opportunities for Kenyans, particularly the Turkana host community.
  • The firm emphasized its strong financial resources and commitment to operate transparently and in compliance with Kenyan legislation and international best practices.

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