Tullow Oil is also experiencing problems with its Turkana oil project. Covid 19 Time SeriesTwo firms that have been searching for oil in Lamu have quit, further casting doubts on Kenya’s dream of riches from the fossil fuel. Pancontinental Oil and Gas, and Far Ltd said they have issued the government with a surrender and termination notice, with expectations that the exit will be concluded by end of September. The two Australian firms are among those that excited Kenyans a few years ago after announcing what they then termed a major discovery of natural gas in offshore Lamu. A few months earlier in April, the government had announced that Tullow Oil had made an oil discovery in Turkana, giving Kenyans high hopes that the country would soon emerge as a significant oil and gas producer.

Source: Standard Digital August 11, 2020 21:01 UTC