CNOOC Seeks 50 Percent Stake in Tullow-Total Deal

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Aidan Heavey, Tullow Oil Chief Executive Officer Michael Wambi

Aidan Heavey, Tullow Oil Chief Executive Officer Login to license this image from 1$.

In short
A statement from Tullow headquarters confirmed that CNOOC has notified Tullow that it has exercised its pre-emption rights under the joint operating agreements between Tullow, Total and Cnooc to acquire half of the interests being transferred to Total in Uganda.

 

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