EPRA to Contract Petroleum Cost Recovery Audit as Turkana Oil Production Begins

The Energy Petroleum and Regulatory Authority (EPRA) has initiated a Petroleum Cost Recovery Audit for companies involved in oil production in Turkana. This audit aims to ensure that companies only recover legitimate expenses, preventing cost inflation that could reduce the government's share of oil revenues. Gulf Energy Ltd, which has acquired a majority of Tullow Oil shares in Turkana, is one of the contracted companies for this USD 6 billion project.