Post Tagged with: "Tullow PLC"

Tullow Oil Plc to Sale its Stake in Uganda

February 13, 2014 9:49 am0 comments
Tullow Oil Plc to Sale its Stake in Uganda

LONDON—Tullow Oil PLC is considering selling part of its stake in a Ugandan oil field to Total SA and China’s CNOOC. Paul McDade the Company’s Chief Exective Officer revealed that the sale is meant to enable the company to focus on Kenya, where a more supportive government is helping a project there move faster. Kenya “will be easier to develop and the government is very enthusiastic for us to get under way with that development and get first oil as soon as possible. So as we look at the phasing of our investments there’s a lot of priority being given to Kenya. If it continues to be very material and […]

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