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News African Business Uganda: Italy's ENI Withdraws Bid for Oil
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Uganda: Italy's ENI Withdraws Bid for Oil
Monday, 08 February 2010 07:00 | 
| News - African Business |
ENI, the Italian firm that showed interest in Uganda's oil fields, has withdrawn its bid after Tullow exercised its right of first option. Two oil fields, blocks 1 and 3A in western Uganda, are owned by Heritage and Tullow in a 50-50% joint venture.
ENI, the Italian firm that showed interest in Uganda's oil fields, has withdrawn its bid after Tullow exercised its right of first option. Two oil fields, blocks 1 and 3A in western Uganda, are owned by Heritage and Tullow in a 50-50% joint venture.
