I have severally remarked in this column that Tullow Oil has no financial capacity nor intentions to develop Turkana oil resources. The company that in 2012 discovered about 120,000 barrel per day oil in Turkana County is today a much scaled-down entity with significantly reduced operational scope.
For Tullow Oil, the oil in Turkana is essentially a stranded asset awaiting either a strategic buyer or a “write-off” which its partners Africa Oil and TotalEnergies did when they withdrew from Turkana operations.
