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AIM-listed Jersey Oil & Gas, an independent upstream oil and gas company focused on the UKCS region of the North Sea, has announced its audited financial results for the year ended 31 December 2022. 2022 was an instrumental year in securing the future success of the Company with the farmout of the Greater Buchan Area Development to NEO Energy.
TotalEnergies and Africa Oil have decided to withdraw from Tullow's oil project in Kenya's South Lokichar Basin.
Tullow said TotalEnergies and Africa Oil Corp each with 25 percent stake withdrew due to "differing internal strategic reasons".
NAIROBI, Kenya, May 23 - Total and Africa Oil have quit Project Oil Kenya in Turkana County. Tullow Oil plc, a global independent oil and gas exploration Kenya breaking news | Kenya news today |
Tullow Oil has been informed by its two minority partners of their intention to issue notices of withdrawal from Blocks 10BB, 13T and 10BA in the South Lokichar Basin for differing internal strategic reasons. As a result, Tullow's working interest in these blocks will increase from 50% to 100%. Tullow remains focused on securing a strategic partnership this year.