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Water deal crucial for Kenya oil project might slip into Q3 – Tullow

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WATER/OIL & GAS
A deal with local Kenyan authorities that would allow Tullow Oil to pump water to pressurise oil wells, crucial for a final green light for the country's only oil project, may be delayed to the third quarter, a Tullow executive said on Friday. Tullow, with partners Total and Africa Oil, is working towards a final investment decision (FID) by year-end and had hoped the water deal would be reached by mid-year, Tullow's Kenya Managing Director Martin Mbogo said.
 
 
 
 
 

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