Tullow Oil plc, a UK-based explorer in Africa and Asia, says it will provide a project update of the Kenyan market in the second half of 2021.
This is after it revealed that it is reviewing the country’s potential output volumes according to its trading and operational update ahead of the release of its half-year results in September.
Tullow said the Kenya project has been through a full redesign using data from the 2018-2020 Early Oil Pilot Scheme (EOPS).
“Throughout 2020, Tullow worked closely with its joint venture partners to progress the full field development plan,” the firm notes in its operational update.
“The technical work is complete, and the resource volumes are being audited by Gaffney Cline Associates (GCA) ahead of detailed project plan discussions with the Government of Kenya over the coming months. Tullow and its Joint Venture Partners expect to provide a project update to the market in the second half of 2021.”
The British oil and gas exploration company’s license for oil exploration in blocks 10BB and 13 in the South Lokichar basin scheme was extended until 2021.