Tullow Oil plans to retain its annual spending on Kenya’s oil project at Sh1.6 billion ($10 million), pointing to a sustained interest in the project that has dragged on for years since the discovery was made in 2012.
The British oil explorer in the latest trading update said it plans to trim its overall capital spending across countries it has a presence in from $380 million (Sh61.95 billion) to $250 million (Sh40.76 billion) as it takes a drilling break in Ghana.
