Striking a balance and Managing Expectations in Oil & Gas

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Striking a balance and Managing Expectations in Oil & Gas

A number of issues around oil and gas production in Kenya was on the public debate agenda when the Civil Society Organizations working on oil and gas meet representatives from Tullow Oil Kenya. The debate was largely about striking balance and managing expectations.

Tullow Oil informed the participants that oil production requires land and plenty of water. In fact, for the company to extract a barrel of oil, an equivalent amount of water is needed.

Tullow Oil reported that they have spent a total of Ksh. 4.1 billion between 2011 and May 2018 and 95% of the company employees are Kenyan nationals.

Currently, Tullow has provided a total of 30 boreholes to the residents of Turkana County to provide clean water for human and livestock consumption.

Many Kenyans are excited by the news that Kenya will soon join 6 other African Oil Producing countries. The outstanding question is whether the country will avoid the resource curse unlike those other countries.

Members of the Civil Society asked Tullow Oil to share how  community reactions influence its business.

 

 

 

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Editor-in-Chief

Geoffrey Kerosi is a prolific economics writer and an avid reader in economics, finance, business, politics and technology. He holds bachelors' Degree in Economics and Statistics from Kenyatta University. He has over 4 years of extensive experience working as a Policy researcher and Budget Analyst for Civil Society in Kenya. Contact: Email: geoffrey.kerosi@gmail.com Phone: +254 713 639 776 (Whats-app only) Twitter: @gkerosi

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