Sale of Tullow Oil's Kenya Oil Assets to Gulf Energy Limited
Sector: Oil and Gas • Location: Turkana County, Kenya
Source: ZAWYA
Tullow Oil sold its entire working interest in Kenya, held through Tullow Kenya BV, to Gulf Energy Limited affiliate Auron Energy E&P Ltd. The transaction involved stakes in oil blocks 10BB, 13T, and 10BA in South Lokichar, Turkana County. The total consideration was at least $120 million, divided into three tranches with payments extending to 2033. Tullow retains rights to royalty payments and a
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | completed |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
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Contact
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Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | Tullow Oil sold its entire working interest in Kenya, held through Tullow Kenya BV, to Gulf Energy Limited affiliate Auron Energy E&P Ltd. The transaction involved stakes in oil blocks 10BB, 13T, and 10BA in South Lokichar, Turkana County. The total consideration was at least $120 million, divided into three tranches with payments extending to 2033. Tullow retains rights to royalty payments and a 30% back-in right for future development phases. The sale was completed on September 25, 2025, but resulted in a $4.5 million loss for Tullow due to transaction fees and payment structure. The project faces a $170 million tax claim by the Kenya Revenue Authority, which Tullow and Gulf Energy are jointly challenging. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
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Location
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Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
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