Australian Swala Energy and British Tullow Oil will commence oil exploration in Kisumu from next year after Abu Dhabi withdrew from the exercise.
As reported by a local daily, Abu Dhabi, a joint venture partner with Compa??a Espa?ola de Petr?leos S.A.U (CEPSA) needed more time to review the survey data on the drilling process.
It added that it is not clear on the time period CEPSA needed to interpret the data but the other partners had assurance in the existing data interpretation.
This comes after Swala Energy announced its joint venture, CEPSA in June agreed to pay Sh 660 million should it take part in the drilling process. Also it was to add up another Sh 660million to assist in drilling the second well.
Compa??a Espa?ola de Petr?leos S.A.U (CEPSA) is based in Spain.