Tullow Oil Uganda

Under the terms of the deal, Total will acquire all of Tullow’s existing 33.3334% stake in each of the Lake Albert project licenses EA1, EA1A, EA2 and EA3A and the proposed East African Crude Oil Pipeline (EACOP) System.

Tullow Oil sells out of Uganda for USD575 million (UGX2.2 trillion) to Total

Tullow Oil and French Oil giant Total have today announced, entering into an agreement, through which Total shall acquire Tullow’s entire interests in Blocks 1, 1A, 2 and 3A in Uganda’s Lake
April 23, 2020
The ‘Tilenga Project’ is a centrepiece in the Albertine Graaben’s development phase and consists of 34 well pads an evacuation Production and Injection pipeline Network, a Central Processing Facility (CPF) and a water abstraction system on the shore of Lake Albert. Cancellation of the procurement process for a major logistics supplier for the project is a key indicator of how deep the difference between the oil companies are and how determined the oil companies are to hold their ground.

More grim news as Total cancels major tender for Tilenga Project

Weeks after French oil and gas major, Total S.A announced suspension of the 1,445-kilometer and USD3.5 billion East Africa Crude Oil Pipeline (EACOP), CEO East Africa understands Total has also halted, among
September 26, 2019

 

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