views

Uganda backs Tullow oil buy

Tullow Oil’s purchase of Heritage Oil’s oil fields in Uganda is set to be approved by the government, ending its dispute with Italy’s Eni. Last year, Eni struck a $1.35bn deal on Heritage’s oil fields in Uganda’s Lake Albert basin, but was last month pipped to the post by Tullow – Heritage’s partner in Uganda. But last night, the Ugandan government, which has the final say on who gets the field, said Tullow had won it.