[File, Standard]Local petroleum exploration firm Gulf Energy is seeking to start the production of crude oil by December, even as it pledged to maintain international best practice in the process. Gulf Energy E&P BV Chairman Francis Njogu described the project as the single most significant private-sector-driven upstream petroleum investment in Kenya’s history. “While the plan demonstrates a clear scheduling, phased risk reduction and strong economic rationale, Gulf Energy also reaffirms its commitment to operate transparently, safely and in full compliance with Kenyan legislation and international best practices,” he explained. He said the South Lokichar Development presents a strategic and time-sensitive opportunity for Kenya to convert a well-understood petroleum resource into long-term economic value. “As a result, frontier oil projects such as South Lokichar must demonstrate strong economics, robust fiscal stability, and timely decision-making to remain competitive for capital.

Source: Standard Digital February 15, 2026 21:28 UTC