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Radio Generation Kenya

Production Sharing Contracts

Principal Secretary for Petroleum Harsama Kello appears before the National Assembly Public Accounts Committee in Parliament on July 21, 2026. PHOTO/DAVID BOGONKO NYOKANG'I
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PS Kello defends Petroleum Department over Sh304bn audit queries

The audit questioned why four active Production Sharing Contracts (PSCs) had accumulated recoverable exploration costs amounting to USD2.35 billion, equivalent to Sh304.37 billion, without evidence that mandatory cost recovery audits had been undertaken. The Auditor-General warned that failure to carry out the audits could expose the Government to recovery of ineligible petroleum exploration expenses.

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