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7 Pages

Tullow acquires E.O. Group's interests in Ghana for US$305 million

Tullow acquires E.O. Group's interests in Ghana for US$305 million

Report summary

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. ...

What's included?

This report includes 1 file(s)

  • Tullow acquires E.O. Group's interests in Ghana for US$305 million PDF - 643.05 KB 7 Pages, 8 Tables, 2 Figures


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.

Wood Mackenzie goes beyond company-reported data and announcements to give you an independent and informed view. Our unique valuation metrics are underpinned by our deep understanding of upstream assets and companies. We help you objectively benchmark and evaluate asset and corporate deals so you can compare deal economics around the world.

  • Executive summary
  • Transaction details
  • Upstream assets
    • Jubilee
    • Odum
  • Deal analysis
  • Upsides and risks
    • Existing fields
    • Exploration
  • Strategic rationale
    • Tullow
    • E.O. Group
  • Oil & gas pricing and assumptions

In this report there are 10 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Transaction details
  • Upstream assets
    • Upstream assets: Table 1
    • Jubilee Area
    • Upstream assets: Table 2
    • Wood Mackenzie forecast of production and capex (West Cape Three Points block, 3.5% net)
  • Deal analysis
    • Deal analysis: Table 1
    • Deal analysis: Table 2
    • Deal analysis: Table 3
  • Upsides and risks
  • Strategic rationale
  • Oil & gas pricing and assumptions
    • Oil & gas pricing and assumptions: Table 1
    • Oil & gas pricing and assumptions: Table 2
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