Kenya: Tullow Completes Sale of Kenya Assets to Gulf Energy Ltd

Nairobi — Tullow Oil plc (Tullow) has finalised the sale of its entire working interest in Kenya to Auron Energy E&P Limited, an affiliate of Gulf Energy Ltd, following satisfaction of all conditions precedent under the Sale and Purchase Agreement (SPA) announced on July 21, 2025.

In a press statement published on the London Stock Exchange, Tullow confirmed receipt of the full proceeds of Tranche A, which is $40 million, under the terms of the SPA. The second payment of $40 million will be…