Inform
Tullow’s US$900 million Uganda farm-down cancelled
This report is currently unavailable
Report summary
Tullow Oil's US$900 million farm-down in Uganda’s Lake Albert project has been cancelled with the SPA expiring. Project partners and buyers Total and CNOOC were unable to agree on terms of taxation for the transaction with the Ugandan Government. Tullow will now seek a new buyer, as it will not be able to fund its 33.3% equity in the project. However, the tax issues will have to be resolved for any new farm-in partner. This will further delay a final investment decision on the project, which was targeted for the end of this year.
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
