Martin Mbogo exits Tullow Oil as firm reviews local operations
Tullow Oil has announced the exit of its Kenyan Chief Executive Martin Mbogo effective December 31.
Mr. Mbogo’s exit has already been filled by a new boss, Madhan Srinivasan who is currently serving as the Tullow’s country Asset Director.
“We sincerely thank Martin for his contributions and achievements for Tullow and the Kenyan Oil & Gas sector in a challenging environment. His passionate advocacy of Local Content and the localisation of staff and contractors has set an example of what can be achieved by companies that take their obligations to host nations and communities seriously,” said Tullow Group CEO Rahul Dhir.
He has seen the firm’s activities for ten years now, where the Oil explorer took Kenya on record to initiate crude oil exploration to the international markets.
Mbogo’s exit follows a new strategic plan by the firm to review its local operations in what it said there would be minimised activities in the field.
“The Tullow Kenya team will be reduced over the coming months as the work programme required to deliver the comprehensive review is compiled. Because there will be very limited activity in the field and the Group will be sharing resources with its Joint Venture Partners, the team will be considerably smaller although the final headcount is yet to be confirmed,” Tullow said in a statement on Thursday.
Last week, Tullow said it would continue with its operations in the country following a suspension plan to exit Kenyan market. This is after the firm was granted an extension of its exploration licence in the country to December 2021.
In February, Tullow Oil Kenya summoned its staff in an emergency meeting
notifying them of possible job cuts at the firm.
Tullow Group, which is a partner with the Kenyan government in the extraction and exportation of oil in Turkana has had mixed fortunes in the market.
On December 9, 2019, the British operator let go of its Chief Executive Officer Paul McDade in what was termed as depressed production outlook in its Key West African market.