Indebted Tullow finalises deal to offload Kenya oil assets, but risks remain

Gulf Energy due to pay $120 million in three tranches, but has provided no guarantees for $80 million of this amount

The Lokichar basin oil discoveries are located in northern Kenya's remote Turkana County.
The Lokichar basin oil discoveries are located in northern Kenya's remote Turkana County.Photo: TULLOW OIL/AFP/SCANPIX
Published 22 July 2025, 14:25Updated 22 July 2025, 14:25
Lokichar basinKenyaTullow OilGulf EnergyAfrica