Tullow Oil counts Sh400m loss in Turkana standoff

Workers walk past storage tanks at Tullow Oil's Ngamia 8 drilling site in Lokichar, Turkana County earlier this year. No crude oil has left the site since mid-June. [File, Standard]

Tullow Oil has lost Sh400 million following halting of its operations in Lokichar, Turkana County for almost two months after a standoff with the local community.

The Petroleum and Mining Ministry, however, said yesterday the impasse, which resulted in the firm shut down all activities, including trucking of crude oil to Mombasa, had been resolved despite uncertainty on the ground, with local leaders saying the opposite. (See separate story in Financial Standard)