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Uganda on the road to production after settling Tullow tax dispute

The settlement of Tullow’s tax dispute with the government paves the way for a new African oil producer

AGREEMENT between Tullow and the government on a process for resolving their tax dispute has set Uganda on course towards 200,000 barrels a day (b/d) of oil production – “and potentially much more”, Tullow says. Following the agreement, Tullow signed contracts to bring in Total and China’s state-owned CNOOC as partners for a basin-wide development of the Lake Albert area, each company having a one-third interest in each of three licences. Total and CNOOC are each paying Tullow $1.467bn to join the development. Tullow said the agreement calls for the government to decide on operatorships, but Total said it expects to be offered Block 1, while CNOOC indicated it will be offered Block 3A, leav

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