Monday, February 27, 2012

Tullow Oil sees Uganda stakes sale by end Jan

An oil rig prepares to drill in western Uganda, near the shores of Lake AlbertLONDON (Reuters) - UK-based explorer Tullow Oil said it was on track to complete a long-blocked sale of stakes in its Ugandan fields to France's Total and China's CNOOC by the end of January. According to a research note from Morgan Stanley, executives from the company told an investor conference hosted by the investment bank last week that the end-January deadline was achievable, echoing comments from Uganda's oil minister in early December


No comments: