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West Cape Three Points contains four of the high profile discoveries made offshore Ghana over recent years - the Jubilee, Odum, Teak and Mahogany Deep fields. This deal will see Tullow increase its equity in the block by 3.5% to 26.4%, and its effective interest in the giant Jubilee field (which is unitised across the neighbouring block) by 1.75% to 36.5%. Production from Jubilee began in December 2010, and ongoing phased development across the block should see output peak in 2017. ...
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Tullow acquires E.O. Group's interests in Ghana for US$305 million PDF - 643.05 KB 7 Pages, 8 Tables, 2 Figures
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The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.
This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.
This Upstream Oil and Gas Deal Insight report provides an in-depth analysis of this deal. You will also find information about upstream assets and the strategic rationale behind the deal.
For investors and businesses, this deal insight report provides an understanding of the effect this deal will have on the market, including oil and gas pricing and assumptions. Use it to keep up to date with deal announcements, gain expert insights and analyse potential developments that might affect your strategy.
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Deal insight | May 2011
Tullow acquires E.O. Group's interests in Ghana for US$305 million
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