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    1.0.32

    Government Conducts Forensic Audit as Tullow Resumes Turkana Oil Operations

    Mwakaneno
    By Mwakaneno Gakweli
    - August 25, 2020
    - August 25, 2020
    Kenya Business newsPublic Policy
    Government Conducts Forensic Audit as Tullow Resumes Turkana Oil Operations

    Tullow Oil will resume its operations in Turkana after the company issued a notice lifting its earlier force majeure. Tullow Oil partner, Africa Oil Corp announced that the company would resume activities after the operating environment improved as COVID -19 restrictions eased.

    “The lifting of Force Majeure notices has been facilitated by the improvement in COVID19 pandemic restrictions worldwide and the resumption of local and international flights, allowing the restart of the various workstreams under the Project,” reads an update from the company.

    Partners in the project will discuss the way forward on the project, charting the way forward on incentives from an earlier agreement.

    Earlier, the company issued a notice of Force Majeure, citing that the pandemic affected its operations. Africa Oil Corp also said that travel restrictions and tax changes impacted the project’s economics, only worsened by the crash in global oil prices.

    In other news, Petroleum Cabinet Secretary John Munyes said that the government is auditing costs incurred by Tullow Oil after leaders in Turkana county demanded more information on the current oil exploration.

    “We have kicked off a forensic audit of the project so that we determine how much Tullow Oil has legally spent. The audit is ongoing, and by September we want to ensure that all challenges that have been affecting the project are resolved,” the PS said.

    READ ALSO: Kenya’s Oil Business in Jeopardy as Tullow Bows Out

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