Last week, two Indian oil and gas investors, ONGC Videsh and Indian Oil Corp announced interest in procuring Tullow’s 50 percent interest in the Turkana oil project. The project has a potential for 120,000 barrels per day and includes an export pipeline via Lamu Port.
Turkana oil was mothballed in 2020 when global oil markets collapsed, with Tullow, the project operator, announcing plans to sell its interest to a strategic investor.
