Tullow Oil

Press Releases

Contingent consideration received following final investment decision in Uganda

The final investment decision for Uganda's oil projects as reported on 1 February 2022 has triggered a contingent consideration of $75 million in relation to Tullow’s sale of its assets in Uganda to TotalEnergies in 2020
The logo of Tullow Oil PLC
Energy, Oil & Gas

Tullow Oil shareholders approve Uganda farmdown deal

Tullow Oil PLC shareholders on Wednesday voted to approve the sale of the company’s remaining 33.33% stake in Uganda’s oil fields and the proposed East African Crude Oil Pipeline
Kyehoro Camp operated by Tullow in Uganda
Energy, Oil & Gas

Cnooc opts out of Tullow-Total deal

The China National Offshore Oil Corporation on Tuesday notified Tullow Oil Plc and Total SA that it will not acquire a stake in Tullow's assets in Uganda
A Tullow oil field in Ghana
Energy, Oil & Gas

Industry experts see Total-Tullow deal a win-win boost

Regional analysts in the oil exploration and production sector have described last week’s sales and purchase agreement between Tullow Oil PLC and Total E&P Uganda as a 'win-win' boost for all players, and one that opens a new chapter for East Africa’s energy industry
A drilling rig at the Kingfisher field in Western Uganda
CompaniesEnergy, Oil & Gas

Total E&P acquires Tullow Uganda’s stake for $575m

French oil major Total SA said on Thursday that is acquiring Tullow oil’s assets in Uganda's Lake Albert oil project for $575m (Shs2.1 trillion), with $500m to be paid once the deal has been approved by the government and $75m paid when a final investment decision has been reached
A drilling rig at a drilling site in Uganda
Energy, Oil & Gas

Uganda and oil companies reach deal on Tullow farm-down

The Uganda government and the three joint venture partners in the Lake Albert oil project —Tullow Oil, Total E&P, and China National Offshore Oil Corporation —have reached a deal on the sale of Tullow's assets, this website can confirm
A drilling rig at the Kingfisher field in Western Uganda
Energy, Oil & Gas

NEMA clears Cnooc on Kingfisher, but no end in sight to oil deadlock

Zhao Shunqiag, the Cnooc president, said receiving the certificate is a “milestone”. But he said he could not tell when the ongoing deadlock between the government and the oil companies—Total E&P, and Tullow Oil—would be resolved
Two male executives at a press conference
CompaniesEnergy, Oil & Gas

Total E&P freezes work on Uganda-Tanzania oil pipeline

French oil major Total, the lead joint venture partner on Uganda's proposed crude oil export pipeline has frozen all activities on the multibillion-dollar project citing “uncertainty” over its Uganda operation
Map showing the East African Crude Oil Export Pipeline route.
Newsletters

Week in review: Tullow Oil, Uganda Airlines, Crane Bank

Final investment decision on Uganda's oil and gas projects to be delayed by collapse of Tullow Oil stake sale; Bank of Uganda loses suit against Crane Bank's former owner; Uganda Airlines starts commercial flights
Kyehoro Camp operated by Tullow in Uganda
Energy, Oil & Gas

Stalemate over tax breaks down Tullow Oil stake sale

Tullow Oil is initiating a new sales process to reduce its 33.3% stake in Uganda's Lake Albert oil project after its planned $900 million sale to joint venture partners Total E&P and the China National Offshore Oil Corporation failed to get clearance
A drilling rig at the Kingfisher field in Western Uganda
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