Petroleum industry in Kenya
OverviewHistorySee alsoExternal links
The petroleum industry in Kenya is relatively new in terms of mining and exploration. British firm Tullow Oil began operations in Kenya in 2010 after signing agreements with Africa Oil and Centric Energy, purchasing a 50% interest in five onshore licences. In 2012, the Ngamia-1 exploration well was a success and has since been followed by further exploration in the South Lokichar Basin.
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Africa Oil Provides an Update for Project Oil Kenya Including
GaffneyCline's report was prepared using Brent oil price forecast of ($/bbl): 2021 51.38; 2022 54.0; 2023 57.0; 2024 60.0; 2025 onwards escalation rate of 2.0% per
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