Sunday May 31, 2020

Heavey upbeat as Tullow Oil gets set for Ugandan adventure

Tullow Oil is set to announce formally its deal to bring in new partners in Uganda in the next few weeks, a move which should reassure investors concerned about any political risk which might impede the new arrangements.

22nd May, 2010

Tullow Oil is set to announce formally its deal to bring in new partners in Uganda in the next few weeks, a move which should reassure investors concerned about any political risk which might impede the new arrangements.

The group has done a deal with multinational Total and Chinese state company CNOOC on a joint partnership to develop Tullow’s interests in Uganda’s Lake Albert rift basin. Tullow is buying out its exploration partner in the...

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