Tullow Oil, Cnooc (CEO) and Total (TOT) could invest up to $5B building pipelines to form a...

|By:, SA News Editor

Tullow Oil, Cnooc (CEO) and Total (TOT) could invest up to $5B building pipelines to form a regional hub for transporting crude oil from Uganda and Kenya to world markets. Tullow says plans will be influenced by a recent oil discovery in Kenya, where the Ngamia-1 well has delivered promising indications the country holds crude reserves similar to those of neighboriing Uganda.