- Kenya clears major $6.1bn oil development plan
- Gulf Energy to start production by December 2026
NAIROBI, KENYA – Kenya has approved a $6.1 billion oil development plan under new investor Gulf Energy, paving the way for the country’s first large-scale crude production by December 2026.
The field development plan (FDP) – covering production forecasts, cost outlines and environmental management – had stalled for years under British explorer Tullow Oil Plc due to what officials described as technical and financial gaps. Gulf Energy acquired Tullow’s stake in April 2025 for $120 million, triggering a full review and resubmission of the project.
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