Uganda takes back control of the Kanywataba prospective oil area licensed to Cnooc (CEO), Tullow...

|By:, SA News Editor

Uganda takes back control of the Kanywataba prospective oil area licensed to Cnooc (CEO), Tullow Oil and Total (TOT) after initial drilling failed to yield any crude, the government says. An oil ministry source tells WSJ the decision was taken because Cnooc drilled only one well in the six-month exploration license period but had been required to drill three.