Commodities
Kenya's Oil Clock Starts Ticking as Sh2.59 Billion Drilling Rig Arrives
Kenya's journey to becoming an oil-producing nation has entered a decisive phase with the arrival of a $2.59 billion onshore drilling rig at the Port of Mombasa.
The integrated rig, leased from Great Wall Drilling Company in the UAE, will begin drilling operations on November 1 as Gulf Energy aims to deliver its first oil by December.
Gulf Energy plans to develop the first phase of its $6 billion crude oil project at South Lokichar Basin.