{"id":218865,"date":"2024-09-20T05:36:38","date_gmt":"2024-09-20T05:36:38","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/09\/20\/tullow-seeks-approval-to-advance-2-billion-turkana-oil-project\/"},"modified":"2024-09-20T05:36:38","modified_gmt":"2024-09-20T05:36:38","slug":"tullow-seeks-approval-to-advance-2-billion-turkana-oil-project","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/09\/20\/tullow-seeks-approval-to-advance-2-billion-turkana-oil-project\/","title":{"rendered":"Tullow Seeks Approval to Advance $2 Billion Turkana Oil Project"},"content":{"rendered":"<p><\/p>\n<div>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-full wp-image-320047\" alt=\"\" width=\"880\" height=\"443\"  data-lazy- src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2024\/09\/tullow.jpg\"\/><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-full wp-image-320047\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2024\/09\/tullow.jpg\" alt=\"\" width=\"880\" height=\"443\"  \/>Tullow Oil Company has reiterated its confidence in the Turkana oil project\u2019s potential to significantly boost Kenya\u2019s resources if strategically managed.<\/p>\n<p>Speaking to the Senate Committee on Energy, Madhan Srinivasan, Managing Director of Tullow Kenya BV, stressed the need for a strategic partner to secure financing and expand investment. He identified this step as crucial to unlocking the full value of the project.<\/p>\n<p>Srinivasan believes that strengthening the project\u2019s resource base could transform Kenya\u2019s energy sector and generate substantial financial and social benefits. To further this goal, Tullow is working closely with key stakeholders, the Energy and Petroleum Regulatory Authority (EPRA), and the local community in Turkana County.<\/p>\n<p>He informed the committee that Tullow submitted a Field Development Plan (FDP) in March 2023 and is finalizing revisions based on feedback from EPRA.<\/p>\n<p>Upon approval, Tullow will begin critical workstreams to move the project toward a final investment decision (FID). Srinivasan emphasized Tullow\u2019s strong technical expertise in developing the Turkana oil resource and highlighted the company\u2019s efforts to establish refining channels for oil and gas development.<\/p>\n<p><em>\u201cTullow is building a unique Pan-African operator platform with a highly experienced management team committed to Africa. Between 2020 and 2023, Tullow generated over $1 billion (Kes.129 billion) in free cash flow, and we expect an additional $200-300 million in 2024,\u201d<\/em> Srinivasan said.<\/p>\n<p>He also pointed to Tullow\u2019s successful track record of operational turnarounds, positioning the company as the ideal operator for the Turkana project.<\/p>\n<p>Since the first discovery in 2012, Tullow has invested over $2 billion (Kes.258 billion) in Kenyan assets, resulting in the discovery of 585 million barrels of oil.<\/p>\n<p><em>\u201cThe company continues to deliver social benefits, including water boreholes that support 20,000 households annually,\u201d<\/em> Srinivasan further submitted before the committee.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Tullow Oil Company has reiterated its confidence in the Turkana oil project\u2019s potential to significantly boost Kenya\u2019s resources if strategically managed. Speaking to the Senate Committee on Energy, Madhan Srinivasan, Managing Director of Tullow Kenya BV, stressed the need for a strategic partner to secure financing and expand investment. He identified this step as crucial [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":218866,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[],"class_list":["post-218865","post","type-post","status-publish","format-standard","has-post-thumbnail","category-kenya-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Tullow Seeks Approval to Advance $2 Billion Turkana Oil Project - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/09\/20\/tullow-seeks-approval-to-advance-2-billion-turkana-oil-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tullow Seeks Approval to Advance $2 Billion Turkana Oil Project - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Tullow Oil Company has reiterated its confidence in the Turkana oil project\u2019s potential to significantly boost Kenya\u2019s resources if strategically managed. Speaking to the Senate Committee on Energy, Madhan Srinivasan, Managing Director of Tullow Kenya BV, stressed the need for a strategic partner to secure financing and expand investment. He identified this step as crucial [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ghanamma.com\/2024\/09\/20\/tullow-seeks-approval-to-advance-2-billion-turkana-oil-project\/\" \/>\n<meta property=\"og:site_name\" content=\"Ghanamma.com\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-20T05:36:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/09\/tullow.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"880\" \/>\n\t<meta property=\"og:image:height\" content=\"443\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ghana News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ghana News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/09\\\/20\\\/tullow-seeks-approval-to-advance-2-billion-turkana-oil-project\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/09\\\/20\\\/tullow-seeks-approval-to-advance-2-billion-turkana-oil-project\\\/\"},\"author\":{\"name\":\"Ghana News\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#\\\/schema\\\/person\\\/c70749f3edfbfcd92d45e933f0fe10b5\"},\"headline\":\"Tullow Seeks Approval to Advance $2 Billion Turkana Oil Project\",\"datePublished\":\"2024-09-20T05:36:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/09\\\/20\\\/tullow-seeks-approval-to-advance-2-billion-turkana-oil-project\\\/\"},\"wordCount\":295,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/09\\\/20\\\/tullow-seeks-approval-to-advance-2-billion-turkana-oil-project\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/tullow.jpg\",\"articleSection\":[\"Kenya News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/09\\\/20\\\/tullow-seeks-approval-to-advance-2-billion-turkana-oil-project\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/09\\\/20\\\/tullow-seeks-approval-to-advance-2-billion-turkana-oil-project\\\/\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/09\\\/20\\\/tullow-seeks-approval-to-advance-2-billion-turkana-oil-project\\\/\",\"name\":\"Tullow Seeks Approval to Advance $2 Billion Turkana Oil Project - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/09\\\/20\\\/tullow-seeks-approval-to-advance-2-billion-turkana-oil-project\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/09\\\/20\\\/tullow-seeks-approval-to-advance-2-billion-turkana-oil-project\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/tullow.jpg\",\"datePublished\":\"2024-09-20T05:36:38+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#\\\/schema\\\/person\\\/c70749f3edfbfcd92d45e933f0fe10b5\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/09\\\/20\\\/tullow-seeks-approval-to-advance-2-billion-turkana-oil-project\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/09\\\/20\\\/tullow-seeks-approval-to-advance-2-billion-turkana-oil-project\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/09\\\/20\\\/tullow-seeks-approval-to-advance-2-billion-turkana-oil-project\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/tullow.jpg\",\"contentUrl\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/tullow.jpg\",\"width\":880,\"height\":443},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/09\\\/20\\\/tullow-seeks-approval-to-advance-2-billion-turkana-oil-project\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Tullow Seeks Approval to Advance $2 Billion Turkana Oil Project\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#website\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/\",\"name\":\"Ghanamma.com\",\"description\":\"Ghana mma provides breaking news, top stories in Ghana, Africa, business, entertainment, politics and more.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#\\\/schema\\\/person\\\/c70749f3edfbfcd92d45e933f0fe10b5\",\"name\":\"Ghana News\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"caption\":\"Ghana News\"},\"sameAs\":[\"https:\\\/\\\/www.ghanamma.com\\\/2024\"],\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/author\\\/ghanamma\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Tullow Seeks Approval to Advance $2 Billion Turkana Oil Project - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2024\/09\/20\/tullow-seeks-approval-to-advance-2-billion-turkana-oil-project\/","og_locale":"en_US","og_type":"article","og_title":"Tullow Seeks Approval to Advance $2 Billion Turkana Oil Project - Ghanamma.com","og_description":"Tullow Oil Company has reiterated its confidence in the Turkana oil project\u2019s potential to significantly boost Kenya\u2019s resources if strategically managed. Speaking to the Senate Committee on Energy, Madhan Srinivasan, Managing Director of Tullow Kenya BV, stressed the need for a strategic partner to secure financing and expand investment. He identified this step as crucial [&hellip;]","og_url":"https:\/\/www.ghanamma.com\/2024\/09\/20\/tullow-seeks-approval-to-advance-2-billion-turkana-oil-project\/","og_site_name":"Ghanamma.com","article_published_time":"2024-09-20T05:36:38+00:00","og_image":[{"width":880,"height":443,"url":"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/09\/tullow.jpg","type":"image\/jpeg"}],"author":"Ghana News","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Ghana News","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ghanamma.com\/2024\/09\/20\/tullow-seeks-approval-to-advance-2-billion-turkana-oil-project\/#article","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2024\/09\/20\/tullow-seeks-approval-to-advance-2-billion-turkana-oil-project\/"},"author":{"name":"Ghana News","@id":"https:\/\/www.ghanamma.com\/2024\/#\/schema\/person\/c70749f3edfbfcd92d45e933f0fe10b5"},"headline":"Tullow Seeks Approval to Advance $2 Billion Turkana Oil Project","datePublished":"2024-09-20T05:36:38+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ghanamma.com\/2024\/09\/20\/tullow-seeks-approval-to-advance-2-billion-turkana-oil-project\/"},"wordCount":295,"commentCount":0,"image":{"@id":"https:\/\/www.ghanamma.com\/2024\/09\/20\/tullow-seeks-approval-to-advance-2-billion-turkana-oil-project\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/09\/tullow.jpg","articleSection":["Kenya News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.ghanamma.com\/2024\/09\/20\/tullow-seeks-approval-to-advance-2-billion-turkana-oil-project\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.ghanamma.com\/2024\/09\/20\/tullow-seeks-approval-to-advance-2-billion-turkana-oil-project\/","url":"https:\/\/www.ghanamma.com\/2024\/09\/20\/tullow-seeks-approval-to-advance-2-billion-turkana-oil-project\/","name":"Tullow Seeks Approval to Advance $2 Billion Turkana Oil Project - Ghanamma.com","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2024\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.ghanamma.com\/2024\/09\/20\/tullow-seeks-approval-to-advance-2-billion-turkana-oil-project\/#primaryimage"},"image":{"@id":"https:\/\/www.ghanamma.com\/2024\/09\/20\/tullow-seeks-approval-to-advance-2-billion-turkana-oil-project\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/09\/tullow.jpg","datePublished":"2024-09-20T05:36:38+00:00","author":{"@id":"https:\/\/www.ghanamma.com\/2024\/#\/schema\/person\/c70749f3edfbfcd92d45e933f0fe10b5"},"breadcrumb":{"@id":"https:\/\/www.ghanamma.com\/2024\/09\/20\/tullow-seeks-approval-to-advance-2-billion-turkana-oil-project\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ghanamma.com\/2024\/09\/20\/tullow-seeks-approval-to-advance-2-billion-turkana-oil-project\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ghanamma.com\/2024\/09\/20\/tullow-seeks-approval-to-advance-2-billion-turkana-oil-project\/#primaryimage","url":"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/09\/tullow.jpg","contentUrl":"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/09\/tullow.jpg","width":880,"height":443},{"@type":"BreadcrumbList","@id":"https:\/\/www.ghanamma.com\/2024\/09\/20\/tullow-seeks-approval-to-advance-2-billion-turkana-oil-project\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.ghanamma.com\/2024\/"},{"@type":"ListItem","position":2,"name":"Tullow Seeks Approval to Advance $2 Billion Turkana Oil Project"}]},{"@type":"WebSite","@id":"https:\/\/www.ghanamma.com\/2024\/#website","url":"https:\/\/www.ghanamma.com\/2024\/","name":"Ghanamma.com","description":"Ghana mma provides breaking news, top stories in Ghana, Africa, business, entertainment, politics and more.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ghanamma.com\/2024\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.ghanamma.com\/2024\/#\/schema\/person\/c70749f3edfbfcd92d45e933f0fe10b5","name":"Ghana News","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","caption":"Ghana News"},"sameAs":["https:\/\/www.ghanamma.com\/2024"],"url":"https:\/\/www.ghanamma.com\/2024\/author\/ghanamma\/"}]}},"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/posts\/218865","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/comments?post=218865"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/posts\/218865\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/media\/218866"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/media?parent=218865"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/categories?post=218865"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/tags?post=218865"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}