Home > Total and CNOOC pull out of deal to buy Tullow Uganda

Total Acquires Tullow Entire Interests in the Uganda Lake Albert Project

Total and Tullow have entered into an agreement, through which Total shall acquire Tullow’s entire interests in Uganda Lake Albert development project including the East African Crude Oil Pipeline. The overall consideration paid by Total to Tullow will be $575M, with an initial payment of $500M at closing and $75M when

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Why Tullow Oil Terminated Agreement with Total, CNOOC

Total and CNOOC terminated their farm down with Tullow Oil Plc on 29 August after the expiry of the Sale and Purchase Agreements (SPAs). Despite previous extensions to the SPAs having been agreed by all parties. Tullow announced that it was unable to secure an extension of the SPAs with Total and

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