Tullow Oil Plc (TLW), the
U.K. explorer that found
Kenya’s first oil, plans to
secure partners to develop fields in the African nation as discoveries prove that
future crude exports are
viable.
Tullow together with partner Africa Oil Corp. (AOI) plans to drill about 10 wells in Kenya and Ethiopia this year to explore the Turkana Rift
Basin that stretches between the two countries. Tullow
plans to sell part of its stake in five licenses in Kenya, Chief Executive Officer Aidan Heavey said.
“It’s never been our
intention to stick with 50
percent all the way
through,” Heavey said today in London. “It’s too much for any company, even a major company.”
If local roads were improved, Tullow
could start producing from Kenya now, possibly trucking crude to the refinery in
Mombasa, he said.#HabariNdiyoHiyo
GOD BLESS YOUR LIFE