Bloomberg News

Tullow, Total, CNOOC to Pump Ugandan Oil From Separate Blocks

June 03, 2011

June 3 (Bloomberg) -- Tullow Oil Plc and its two partners Total SA and China National Offshore Oil Corp. will each pump oil from a separate block, Tullow’s Ugandan unit said.

The oil from the three blocks owned by the partnership will be fed into a single refinery for processing, Elly Karuhanga, the president of Tullow’s Ugandan unit said in an interview yesterday.

“Since we have three blocks each company will be assigned a block from which to produce the oil,” he said without giving details.

Tullow is an equal partner with Total and CNOOC to which it sold shares in its Ugandan interests in March. The company is expected to start pumping crude and gas from the Lake Albert Basin in 2012. Uganda has an estimated 2.5 billion barrels of oil, with about 1 billion barrels in proven reserves, according to Tullow.

To contact the reporter on this story: Fred Ojambo in Kampala at fojambo@bloomberg.net

To contact the editor responsible for this story: Agnes Nikoi at anikoi@bloomberg.net


Race, Class, and the Future of Ferguson
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus