Latest Intelligence in Uganda

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CommentWire
CommentWire

Tullow Oil: joining forces with CNOOC and TOTAL to monetize Uganda's oil riches

Tullow Oil has agreed farm-out deals with CNOOC and TOTAL, involving three exploration areas in Uganda. Upon completion of the transactions, Tullow, CNOOC, and TOTAL will each hold a one-third interest in the three areas. The companies are planning to make huge investments in the area, which have the potential to transform Uganda into a major African oil producer.

Published By Datamonitor
06 Apr 2011

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