tepu was founded in 2010. it began operations on 21 february 2012 when tullow oil completed a farm down of two thirds of its interests to total s.a. and cnooc for us$2.9 billion. tepu, along with partners cnooc and tullow, continues to work with the ugandan government on the development plan for the albertine grabben, which will include an oil refinery in uganda and an export crude oil pipeline.