Uganda’s second licensing round set to close in September

The acreages on offer have become more attractive since Tullow Oil announced the sale of its entire stake in the Lake Albert Development Project earlier this year to Total. The agreement puts an end to a long-standing capital gains tax dispute with Ugandan authorities, and opens up the way for the upstream development of up to 200,000 bopd by Total and CNOOC, along with an oil refinery and an oil export pipeline to through Tanzania. More »