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Gulf Energy has secured the GW70 rig, valued at more than US$15 million (Ksh 1.948 billion) from a Company in the United Arab Emirates (UAE)
Business News
Gulf Energy Secures Ksh 1.9 Billion Onshore Oil Rig Ahead of Kenya’s Oil Project
Blake Otieno February 20, 2026

Local oil exploration and production firm Gulf Energy E&P BV has secured and contracted an onshore oil rig in the Middle East, signalling its corporate commitment to deliver first oil from the South Lokichar Basin before the end of the year. In a strategic and capital-intensive move, Gulf Energy has secured the GW70 rig, valued

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Gulf Energy E&P BV Chairman Francis Njogu, Group CEO Paul Limoh, and Country Manager, Franklin Juma appearing at a Joint Parliamentary Committee of Energy meeting. PHOTO/FILE
News
Gulf Energy Commits $6 Billion to Elevate Turkana Oil Project to World-Class Standards
Blake Otieno February 13, 2026

A local petroleum exploration and production firm has pledged to maintain international best practice in the production of crude oil resources in Turkana County. Appearing at a Joint Parliamentary Committee of Energy meeting, Gulf Energy E&P BV Chairman Francis Njogu, while describing the project as the single most significant private-sector-driven upstream petroleum investment in Kenya’s

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