Tullow Oil books $4.5m loss on sale of Kenya assets

Author: James AnyanzwaPublished on: May 8, 2026Country: Kenya
Business & Economy
Tullow Oil books $4.5m loss on sale of Kenya assets

Tullow Oil incurred a loss of $4.5 million on the sale of its assets in Kenya, reflecting a challenging period for the British company in the country. The sale of Tullow Kenya BV to Gulf Energy Limited was completed in September 2025, with a total asset value of $118.3 million. Despite a sale price of $110.5 million, transaction fees contributed to the recorded loss.

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