Tullow Could Invest Up To $5B Into African Export Line

Law360, New York (July 25, 2012, 8:22 PM EDT) -- Tullow Oil PLC sketched out plans Wednesday for an export pipeline at its Ugandan oil and gas play, potentially a $5 billion investment in a flurry of projects under development in East Africa to chart a path to Asian markets.

Speaking at a shareholder meeting, Chief Operating Officer Paul McDade offered the clearest picture to date of Tullow's plans for Lake Albert and several other projects across Africa, where the London-listed company is by far the most active upstream player.

The pipeline would carry oil from...
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