Uganda: National Oil Company may share in Tullow Oil production

Uganda’s proposed National Oil Company will have the right to acquire a 15 per cent stake in the oil fields that Tullow Oil, TOTAL and CNOOC are developing, according to Eoin Mekie, Tullow’s General Manager in Uganda, speaking exclusively to Oil in Uganda. The arrangement was included in the agreements signed between Tullow and the government in early February, in defiance of a parliamentary moratorium on further oil contracts.