Tullow ‘to miss oil production target’

TULLOW Oil has said it will miss its previously anticipated 2011 target for oil production in Uganda and will not start producing there until next year.

Speaking at an investors conference in Kampala, Tullow’s country manager for Uganda Brian Glover said while the Irish-founded oil and gas exploration company had hoped tobegin producing oil from the east African country by the end of this year, that target would be “quite challenging, due partly to poor infrastructure in the region”.

He pointed to the country’s poor rail and road networks and urged local companies to engage with the country’s $10 billion (€7.7bn) production plan, through infrastructure projects.