RE: Share price10 Mar 2024 19:15
Gin.
'The evaluation of a field development plan (FDP) submitted by Tullow Oil for the Turkana oil fields has been extended to June.
British oil firm Tullow Oil, which fully owns the rights to the project, had initially expected the review of the FDP to be completed by the end of this month. βThe Energy and Petroleum Regulatory Authority, the regulator, has engaged third-party consultants to review the revised FDP and the current review period ends on 30 June 2024,β said Tullow in its full-year results ended December 31, 2023.
Tullow presented the revised FDP to the Kenyan government in March last year.