The inability of Uganda's President Yoweri Museveni and the triumvirate of Total, Tullow Oil and CNOOC International to come to agreement over fiscal liabilities and tax breaks has left Lake Albert contractors foundering at the last hurdle, with no credible timetable for projects in the region to move ahead, writes Barry Morgan.
Total’s Tilenga field and CNOOC-operated Kingfisher sit amid nine development licences and a complex project designed to feed 230,000 barrels per day of oil into a proposed refinery and the East African Crude Oil Pipeline (EACOP), but the suspension of activity has left contractors hanging.
