Tullow Oil has made a recent provisional update on its operations in Kenya oilfield development project incorporating Blocks 10BB and 13T.
Before the exit and divestment of interest, Africa Oil and its JV Partners ( Tullow Oil and Total Energies) have completed the redesign of the Project Oil Kenya to ensure it is technically, commercially and environmentally robust. A higher oil production plateau of 120,000 barrels of oil per day is now planned with expected gross oil recovery of 585 million barrels of oil over the life of the field.
Kenya remains a material option to drive value and growth for Tullow. An updated Field Development Plan (FDP) which intends to develop 470 mmboe of 2C resources to produce up to 120 kbopd, was submitted to the Government in March 2023.
“We have since worked collaboratively with the Government as they evaluate the FDP. Once their evaluation is concluded, the FDP will be submitted to the Cabinet Secretary for Energy and Petroleum for review before submission to Parliament for final approval.
The development has been designed to be robust at lower oil prices and we continue discussions with prospective strategic partners for this project,” Tullow Oil Said
In June 2023, Tullow interest in Kenya increased from 50% to 100% as a result of the withdrawal of Joint Venture Partners for differing reasons. The increased interest has provided the company with greater strategic flexibility. While it continues to progress the FDP, Tullow has also actively working with the Government of Kenya in developing options to accelerate production and cash flow to unlock value from this well-matured resource base.
Africa Oil Corp. has in 2023 announced that it has submitted withdrawal notices to its joint venture partners on Blocks 10BB, 13T and 10BA in Kenya, to unconditionally and irrevocably, withdraws from the entirety of the joint operating agreements (JOAs) and Production Sharing Contracts (PSCs) for these concessions.
According to Africa Oil, the company has taken the decision to exit Kenya concessions as a strategy to shift focus on production and high potential exploration opportunities, including Orange Basin portfolio where Africa Oil are presently appraising the exciting Venus discovery, offshore Namibia.
