Uganda defers decision on Tullow's farmout plan

03/22/2010
Uganda said it will defer for a month its decision about farmout arrangements for several oil blocks made by Tullow Oil and potential partners Total and China National Offshore Oil Corp."Our expectation is that by April we will have finished our evaluation and that the government will give the go-ahead for the transactions to proceed," said Kabagambe Kaliisa, the energy ministry's permanent secretary."We have told everybody in the world that we are looking for strong investment in this sector. We are looking for companies that have strong market capitalization," Kaliisa said.The need for a decision arose after Tullow's preemption of partner Heritage Oil's stake in Bloc...
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