Gulf Energy has paid Tullow Kenya BV part of the overdue second instalment of $40 million (Sh5.18 billion) for Turkana oilfields, ending months of delays tied to approval of the commercialisation plan of the project.
Tullow Oil Plc, the parent firm of Tullow Kenya BV revealed that it received $36 million (Sh4.67 billion) early this month, with the remaining $4 million (Sh518.56 million) set to be paid by end of next week upon a successful transfer of operations.
