British oil exploration and production company Tullow Oil intends to infuse more than 300 billion Kenyan shillings ($3 billion) in exploration activities and building of an 800-kilometer crude oil pipeline.
Tullow Oil will make the commitment in a three-year period and the company will spend $1.9 billion to sink 36 wells and $997 million on the planned pipeline.
The company said that it will invest in 36 oil fields in the Turkana region to make the planned 800-kilometer pipeline commercially viable.
The pipeline will be a joint venture between the government, French oil major Total and Canadian peer Africa Oil.