Deal Insight
Tullow exits Uganda to Total for US$575 million
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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
-
Strategic rationale
- Tullow
- Total
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
- 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:
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