Tag Archives: Tullow Oil

These two companies will retain a shared 30 percent interest alongside operator ExxonMobil. which has a 35 percent stake.

The country is a minor player in the global hydrocarbons industry. extracting the equivalent of about 815.000 tonnes of oil per year.

Copper mining earns Zambia more than 70% of its foreign exchange.

Oilfield services providers would be expected to invest in the fields in exchange for payment for every barrel of oil or Btu produced over an established baseline. the report added.

Uganda estimates overall crude reserves at 6.5 billion barrels. while recoverable reserves are seen at between 1.4billion and 1.7 billion barrels.