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Tullow expects to complete Uganda farm-out in H1

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Tullow expects to complete its farm-down of Uganda assets to partners Total and CNOOC in H1. The completion of the deals was awaiting the Ugandan government’s approval, which it gave in December contingent on the payment of $167 million in taxes associated with the transactions. In January 2017, Tullow struck a $900 million deal to farm out 21.57% WI of its 33.33% WI in the Lake Albert development project, containing Tilenga and Kingfisher fields,......
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