Deal Insight

Tullow exits Uganda to Total for US$575 million

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01 May 2020

Tullow exits Uganda to Total for US$575 million

Report summary

Tullow has entered into another Sales and Purchase Agreement (SPA) with Total in Uganda. This time, the UK Independent is set to sell its entire Uganda portfolio for a consideration of US$575 million. Total will pay US$500 million on deal completion and US$75 million at project sanction. There are further revenue-linked contingent payments after first oil, if Brent averages above US$62/bbl annually.

Table of contents

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
  • Upsides and risks
    • Tullow
    • Total
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 9 images and tables including:

  • Executive summary: Table 1
  • Map of upstream assets and planned pipeline
  • Upstream assets: Table 1
  • Upstream assets: Table 2
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Deal analysis: Table 3
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2

What's included

This report contains:

  • Document

    Tullow exits Uganda to Total for US$575 million

    PDF 1.41 MB