This archive report was first published on 19 December 2019.
Published on December 19, 2019, Kenya's ministry of Petroleum and Mining has initiated the search for a firm to conduct an audit of the Turkana oil pilot scheme.
The audit aims to assess whether taxpayers are receiving value for their investment in the Tullow Oil project and to verify the accuracy of income generated from the sale of the early oil pilot.
Kenya successfully completed its first shipment of the Early Oil Pilot Scheme in August this year, selling 200,000 barrels of crude oil to a Chinese company for KSh1.2 billion.
The audit company will also be tasked with verifying the costs incurred by Tullow Oil in the Early Oil Pilot Scheme (EOPS) project and the money received from the early exports.
The audit will be conducted in two phases, covering the periods between March 2017 and December 2019, and January 2020 to December 2020.
Tullow Oil has invested more than KSh300 billion in Kenya and hopes to make the first commercial sale in 2022.
Notably, a similar audit was conducted by Swale House Partners between 2010 and 2016, which established that Tullow Oil spent KSh180 billion on exploration works.
