Tullow Oil Budgets $225M in Kenya’s Pre-development, Exploration and Appraisal Expenditure in 2017

Tullow Oil has announced that it will set aside $225M of the $500M Group’s capital expenditure to Kenya’s Pre-development, Exploration and Appraisal Expenditure this year.

This expenditure is expected to be broken into $100M of pre-development expenditure and $125 million of Exploration and Appraisal spend.

The new figures show a continued decrease in expenditure by the company $1 billion in…

Tullow Oil Erut well in Kenya’s Block 13T to spud next week

Tullow Oil is set to start the drilling of its northern most well in the south Lokichar basin ‘Erut’ to date on December 16th according to the country’s exploration manager Kevin Christopherson who was speaking at the just concluded SPE/AAPG Africa Energy and Technology Conference.

The well to the north east of the l has the potential to derisk the northern prospects and will target the auwerwer…