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Tullow tritt das Projekt in der DRK ab. Tullow Withdraws From Congolese Oil Block, Minister Says By Franz Wild Feb. 8 (Bloomberg) -- Tullow Oil Plc, the U.K. producer with the most exploration licenses in Africa, withdrew from an exploration area in the Congo and may lose the rights to a second, said Hydrocarbons Minister Lambert Mende. The London-based company relinquished its stake in Block I of the Albertine Basin on Congo's eastern border after a dispute with the government, Mende said yesterday in an interview in the capital, Kinshasa. Tullow and Canadian partner Heritage Oil Corp. may lose the rights to Block II if they don't propose a new production-sharing-agreement soon. ``We hope that they won't delay too much as we do want to exploit our riches,'' Mende said. ``We won't wait eternally.'' Congo, a central African nation the size of Western Europe, is rebuilding an economy shattered by decades of misrule by former dictator Mobutu Sese Seko and two civil wars between 1996 and 2003. The country has attracted increased investment from companies including BHP Billiton Ltd. and Freeport McMoRan Copper & Gold Inc. as stability has improved after the first democratic elections in four decades in 2006. Tullow and Heritage in September accepted a reduction in their shares of the two oil blocks after Mende said a July 2006 contract, signed with Congo's previous government, was irregular. Tullow said it was valid and legally binding and offered to double its signing bonus. It relinquished the block last month. ``It's voluntarily that Tullow withdrew,'' Mende said. Tullow's Vice President for African Business Tim O'Hanlon didn't immediately respond to messages left at his office and on his mobile phone. Since Tullow's withdrawal, Block I has been awarded to Divine Inspiration, a South African company, and PetroSA, South Africa's state oil company, which share a 51 percent stake. Spain-based H Oil controls 37 percent, with state-owned Cohydro and two ``minor'' Congolese partners owning the rest, Mende said. http://www.bloomberg.com/apps/news?pid=20601116&sid=aXc0zh2w… |
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| aus der Diskussion: | Tullow Oil mit Exploration in Uganda |
| Autor (Datum des Eintrages): | KaOzz (13.02.08 19:14:52) |
| Beitrag: | 19 von 144 (ID:33358599) |
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