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Tullow Oil delays Uganda oilfield sanction to early 2017

By Reuters | 10yrs ago

Britain’s Tullow Oil plans to take a final investment decision (FID) on a new oilfield project in Uganda in early 2017, later than planned, Chief Executive Aidan Heavey has said.

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.

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