Find visitors' favorite businesstravel Hotels And.... Book your best!

Tullow Oil expects to start production of oil in its Ugandan fields this year


London-listed Tullow Oil expects to start production of oil in its Ugandan fields on a small scale late this year and will drill 20 wells in the east African nation, its regional exploration manager said on Tuesday.

"We are looking at small scale production expected to start in late 2012," Ian Cloke, Tullow's South and East Africa exploration manager said at the Eastern Africa oil, gas and energy conference.

The firm announced on Monday that it had also struck 20 metres of light, waxy crude after drilling its first well in Kenya's arid north, sending its shares higher.

Tullow earlier this year closed a $2.9 billion deal to bring in French oil major Total and Chinese group CNOOC <0883.HK > as partners to develop its oil fields in Uganda.

The firms will now focus on their $10 billion plan to start pumping oil from huge reserves discovered on the shores of Lake Albert. They are expected to ramp up to a major production phase in 2016.

Cloke said they were in the process of acquiring all the necessary permits for the construction of a refinery and an export pipeline.

"This year we plan to drill 20 wells in Uganda," he said.

Commercial hydrocarbon deposits were discovered in the east of Uganda in 2006. Tullow says it has found 1.1 billion confirmed barrels of oil and believes there are 1.4 billion left to find.


Click here to post comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Africa Uganda Business Travel News .

Haven't yet found what you Want...?

If you haven't yet found what you were looking for or you need detailed information about the subject matter on this page


feel free to ask our business travel consultants.

Farmland for Sale
Prime Commercial Property
Entebbe Rd Land 4 Sale
Over 20 Farmland Parcels
Property & Plots of Land

Uganda Online SuperMarket
Online SuperMarket

Uganda Coffee Safari
Book My Coffee Tour

Uganda Honey
Uganda HoneyComb

Subscribe to our Business Travel Newsletter

Enter Your E-mail Address
Enter Your First Name (optional)

Don't worry — your e-mail address is totally secure.
I promise to use it only to send you Africa Uganda Business Travel News Digest.

Hotel Booking

Car RentalCar Hire

Africa Uganda Shipping & Handling ServicesShipping & Handling Services

Our Sponsorship Policy

Apple Guavas available
Africa Uganda Plants GuideAfrica Plants Guide

Charity Investment Guide
Changing Lives

Africa Uganda SMS Guide
Africa Bulk SMS

Poultry Investment Guide
Poultry Business Guide

Related Pages

Uganda Hotels Directory

Uganda Hotels Booking Guide

Houses U can buy Uganda Real Estate Guide Industrial/Farmland Deals

Uganda Real Estates Guide

The Mountain Gorilla

Uganda Safari Guide

Uganda Weather Today

Book My Hotel

Please note that all fields followed by an asterisk must be filled in.

Please enter the word that you see below.


Uganda Currency