Tullow Oil Agrees to Sell Kenyan Operations to Gulf Energy for Sh15.5 Billion

Tullow Oil signs $120m Kenyan assets sale deal to Gulf Energy

The transaction involves the transfer of 100 percent of the shares in Tullow Kenya BV

Tullow Oil agrees to sell Kenyan operations to Gulf Energy for Sh15.5 billion

Under the Early Oil Pilot Scheme completed in 2020 ,Tullow Kenya managed to export 200,000 barrels of oil

Benefits to be accrued as Tullow exits Kenya in $120M asset sale

Tullow Oil has taken a major step in reshaping its business by signing a Sale and Purchase Agreement (SPA) to sell its entire Kenyan portfolio of assets to Gulf Energy. The deal, worth at least US$120 million, marks a significant milestone for the company and could have lasting effects on Kenya’s oil sector. What the deal includes The agreement, announced on 21 July 2025, involves the full transfer of Tullow’s Kenyan oil assets, which represent …

Tullow Signs $120M SPA for Strategic Exit from Kenya

Tullow Oil plc has signed a Sale and Purchase Agreement (SPA) with Auron Energy E&P Limited, an affiliate of Kenya’s Gulf Energy Ltd., marking a strategic exit from its Kenyan operations. The agreement, announced on April 15, 2025, involves the sale of 100% of the shares in Tullow Kenya BV (TKBV), which holds Tullow’s entire [...] The post Tullow Signs $120M SPA for Strategic Exit from Kenya appeared first on Khusoko - East African Markets.

Tullow Sells Kenya Assets to Gulf Energy for $120m in Strategic Exit

Tullow Oil plc has finalised a major asset disposal agreement, selling its entire working interest in Kenya to Auron Energy E&P Limited, an affiliate of Gulf Energy Ltd, for a minimum consideration of US$120 million.   The deal, announced on 15 April 2025 and formalised through a newly signed Sale and Purchase Agreement (SPA), represents a strategic exit from Tullow’s Kenyan operations as the company sharpens its focus on high-margin, cash-gener…

Gulf Energy to acquire Tullow Oil Kenyan assets after deal

NAIROBI, Kenya, July 22 - Auron Energy E&P Limited, an affiliate of Kenya’s Gulf Energy, will acquire Tullow Oil Kenyan assets after signing a sale Kenya breaking news | Kenya news today