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Tullow Oil PLC

Company Summary

Financial Data:


Tickers:

  • TLW - London Stock Exchange Group

Recent news

  • 4/8/2021 - Maersk Drilling Contract... (subscriber access)
  • 10/27/2020 - Total Acquiring Tullow's... (subscriber access)
  • 9/25/2020 - Uganda and Tanzania... (subscriber access)
  • 5/29/2020 - CNOOC Waives Pre-Emption... (subscriber access)
  • 4/23/2020 - Total Acquiring Tullow's... (subscriber access)

Company Transactions

Date: 12/31/2020
Type: Acquisition

BUYERS:
  • TotalEnergies
    • SELLERS:
  • Tullow Oil PLC
    • PROJECTS:
  • Lake Albert Oil Project
  • East African Crude Oil Pipeline (EACOP)
    • DETAILS:

    COST: 575 $MM

    NOTES:
    Total has entered into a deal to acquire Tullow's interest in the Ugandan Lake Albert oil project and the East African Crude Oil Pipeline development for $575 million. The deal covers a 33.3% stake in four Lake Albert licenses and the pipe, with $500 million due upon closing and $75 million after a final investment decision.
    REGIONS:
  • Africa

    • Date: 4/23/2020
    Type: Acquisition

    BUYERS:
  • TotalEnergies
    • SELLERS:
  • Tullow Oil PLC
    • DETAILS:

    COST: 575 $MM

    NOTES:
    Total has agreed to purchase Tullow Oil's Uganda onshore oil assets for $575 million, including $500 million in cash.
    REGIONS:
  • Africa