{UAH} Tullow delays Uganda oilfield sanction to early 2017
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10:59 PM |
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Tullow discovered oil in the East African country in 2006 and had planned to make an FID on its oilfield by the end of 2016.
"You need a pipeline route firmed down and then you need to get FID. So FID probably in early 2017 and then three years later, you would have first oil," Heavey said at the Africa Oil Week conference organised by Global Pacific & Partners.
He added Tullow expected to obtain a production licence this year in Uganda and to start oil output there in 2020.
The pipeline route to move oil from landlocked Uganda to the Indian Ocean has not yet been determined.
Uganda has been pushing for an earlier production date around 2018, citing work by other investors. But previous targets have slipped.
http://in.mobile.reuters.com/article/idINL8N12R2E520151027?irpc=932
Sincerely,
Brian M. Kwesiga
--
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"You need a pipeline route firmed down and then you need to get FID. So FID probably in early 2017 and then three years later, you would have first oil," Heavey said at the Africa Oil Week conference organised by Global Pacific & Partners.
He added Tullow expected to obtain a production licence this year in Uganda and to start oil output there in 2020.
The pipeline route to move oil from landlocked Uganda to the Indian Ocean has not yet been determined.
Uganda has been pushing for an earlier production date around 2018, citing work by other investors. But previous targets have slipped.
http://in.mobile.reuters.com/article/idINL8N12R2E520151027?irpc=932
Sincerely,
Brian M. Kwesiga
--
Disclaimer:Everyone posting to this Forum bears the sole responsibility for any legal consequences of his or her postings, and hence statements and facts must be presented responsibly. Your continued membership signifies that you agree to this disclaimer and pledge to abide by our Rules and Guidelines.To unsubscribe from this group, send email to: ugandans-at-heart+unsubscribe@googlegroups.com
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