Tullow Oil Uganda country director, Jimmy Mugerwa has been promoted and will soon travel to serve from the head office in London, UK.
“He is set for a higher managerial position with more responsibilities,” said a close associate of Mugerwa on Wednesday.
A Senior Executive with over 25 years of Oil industry experience across Goverment relations, Sales, Operations and Marketing, Mugerwa has worked and lived in several African countries, the Netherlands and UK.
Mugerwa is expected to leave the country in the next couple of weeks.
ChimpReports understands Mugerwa’s transfer comes at a time government is negotiating with Tullow over capital gains tax.
Tullow Oil has invested $617 million in its operations in Uganda’s Albertine Graben, and it is this investment that the multinational intends to sell to China National Offshore Oil Company (CNOOC) and Total E&P.
Tullow and its Joint Venture Partners, have, so far, been unable to finalise this agreement with the Government of Uganda.
The Uganda Revenue Authority wants the already assessed $167 million capital gains tax before the farm-down.
However, Tullow says it continues to work constructively with its Joint Venture Partners and the Government of Uganda to agree a way forward and the consequent timing of Final Investment Decision.
In Uganda, Mugerwa serves as non-executive Director East African Breweries (EABL), Chairman of the DFCU Bank Board and serves in various leadership roles on several Boards, including non-profit organisations.
Prior to joining Tullow, he served in various positions at Shell including the Senior Regional Advisor for Sub-Saharan Africa, Kenya Country Chair and GM, Shell East Africa.
Mugerwa holds a Master of Sciences Degree in Agricultural Chemicals from the University of Wales and also attended the Executive Business Leadership Programme at IMD in Lausanne, Switzerland and the Financial Times Non-Executive Director Diploma.