Tullow Oil's Kenya assets risk depreciating
The value of Tullow Oil's Kenya assets risk depreciating further by close to US $462M if the government fails to hand it production license on time.
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The value of Tullow Oil's Kenya assets risk depreciating further by close to US $462M if the government fails to hand it production license on time.
By John Lee. Shares in Gulf Keystone Petroleum (GKP) closed up nearly 13 percent on Wednesday after the company announced that revenue for 2021 had almost tripled. In its results for the full year ended 31 December 2021, Jon Harris, Gulf Keystone's Chief Executive Officer, said: "I am pleased to report a year of strong
Gulf Keystone, an operator and producer in Iraq, swung to a profit in 2021 on the back of a 19 percent increase in gross average production.
Geological surveys showed that between four billion and 4.5 billion barrels of oil could be laying deep under the waters.
Investegate announcements from Tullow Oil PLC, Annual Financial Report