Mining and MineralsKenya

South Lokichar Oil Development

Farm-in partnership opportunity for oil production phase in Kenya's South Lokichar Basin. Tullow Oil is seeking strategic partners to develop estimated reserves of 560 million barrels. This represents Kenya's first commercial oil production project with significant export potential. Estimated reserves of 560 million barrels. Tullow Oil seeking farm-in partner for production phase. Infrastructure development includes pipeline to Mombasa port. High-priority Q1 2025 project.

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Investment Overview
Capital Required
$200.0M
Expected ROI
20-30%
Timeline
48-72 months
Location
Kenya
Project Description

Farm-in partnership opportunity for oil production phase in Kenya's South Lokichar Basin. Tullow Oil is seeking strategic partners to develop estimated reserves of 560 million barrels. This represents Kenya's first commercial oil production project with significant export potential. Estimated reserves of 560 million barrels. Tullow Oil seeking farm-in partner for production phase. Infrastructure development includes pipeline to Mombasa port. High-priority Q1 2025 project.

Investment Highlights
  • Strong market fundamentals with proven demand
  • Government support and favorable regulatory environment
  • Experienced local partners with track record
  • Clear exit strategy with multiple options
Sector Information

Sector

Mining and Minerals

Market Size

Estimated at $2-5B annually in East Africa

Growth Rate

15-25% CAGR projected through 2030

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