Commodities
Drilling Rig Arrives in Mombasa Ahead of Kenya's Oil Production Target
The drilling rig for Kenya's South Lokichar commercial oil project has arrived at Mombasa port, a major milestone in the country's bid to become an oil exporter.
Gulf Energy E&P BV SEZ confirmed the arrival of the rig on Friday, paving the way for its transportation to South Lokichar as Kenya aims to meet its target of commercial oil production by December 2026.
The project is a significant development in Kenya's energy sector, and the country hopes to reap benefits from its oil reserves. The drilling rig's arrival marks a crucial step towards achieving this goal.