Companies

Tullow faces further setback in Kenya as Total, Africa Oil quit

The company’s two partners in the country will “issue notices of withdrawal in the South Lokichar Basin for differing internal strategic reasons”

The company’s shares sank as much as 3.9% to 23.94 pence at the open in London. Picture: Getty

TotalEnergies SE and Africa Oil Corp are abandoning a project in Kenya, increasing challenges for operator Tullow Oil Plc following a long effort to get the development off the ground.

Tullow found crude in the East African country more than a decade ago, but commercial extraction is yet to begin as it’s failed to find an additional partner and Kenya’s government has been slow to approve a development plan. With Total and Africa Oil now ...