The Government of Uganda is planning to use tax payment from Tullow oil to finance the construction of the much awaited Karuma Dam in northern Uganda. Kaith Muhakanizi, the deputy secretary to the treasury while addressing journalist said that the government’s position is to use the money to build the proposed Dam that has had […]
Tullow oil Plc has announced it has commenced exploration and appraisal campaign for oil wells in the Lake Albert Rift Valley of mid western Uganda. Following the signing of the SPAs for the farmdown to CNOOC and Total on 29 March 2011, the exploration and appraisal programme has been reactivated and two wells are expected […]
Tullow Oil Plc has announced a successful Tweneboa-4 appraisal well offshore Ghana improving its oil prospecting in Africa. The Tweneboa-4 appraisal well in the Deepwater Tano licence offshore Ghana has successfully encountered gas condensate in good quality sandstone reservoirs. Results of drilling, wireline logs and samples of reservoir fluids have confirmed the western extent of […]
Uganda is now set for the steady development of its oil sector following the entry of CNOOC and Total into the oil processing and production industry of the country. Key oil prospecting firm Tullow Oil announce that it signed Sale and Purchase Agreements (SPAs) with CNOOC and Total in respect of the sale of a […]
News Release: 10 February 2011 – Tullow Oil plc (Tullow) announces that the Teak-1 exploration well in the West Cape Three Points licence offshore Ghana has discovered approximately 73 metres of net hydrocarbons in two Campanian and three Turonian-aged reservoirs. The well was located 4.6 km northeast of the Mahogany-2 well, 2.7 km outside the […]
The government of Uganda has promised that later this year it will lift a moratorium on awarding oil prospecting licences to interested companies. The Prime Minister, Prof. Apollo Nsibambi says that the government through the Ministry of Energy and Mineral Development had placed a hold on issuing out licences to first ensure there is adequate […]
Tullow Oil has announced the successful drilling of the Nsoga-5 appraisal well, which is located in the Butiaba region of Uganda Block 2 in Uganda’s Albertine Graben region where huge oil deposits have been confirmed. According to a statement from Tullow, the Nsoga-5 appraisal well was drilled to a total depth of 587 metres, 2.3 […]
From Tullow Oil (Webtorial) Commencing on Wednesday 30 June 2010, Tullow Oil will be hosting a two-day Capital Markets event in Ghana for a limited number of sell-side analysts. The event is generating significant interest amongst the investor community and from wider stakeholder groups. In recognition of the demand for access to detailed content from […]