Tullow Oil Archives - Ibe Kachikwu

22nd November 2021

Tullow Oil Exercises Pre-Emption Rights, Increases Interests in Jubilee and TEN Fields Offshore Ghana

Tullow Oil is to increase its stake in the Jubilee and TEN fields offshore Ghana by 7.7%, with the company having exercised its pre-emption rights to acquire Occidental Petroleum’s interest...

15th June 2021

Tullow Oil has sold its Dussafu Marin permit to Panoro Energy in Gabon

Panoro has paid Tullow Oil $39 million for the Dussafu asset, as well as $5 million in contingent consideration for the Equatorial Guinea agreement. This transaction also includes contingent cash...

8th April 2021

Tullow Oil Commences Multi-Well Drilling Campaign Offshore Ghana

Tullow Oil has announced that it has started a multi-year, multi-well drilling campaign offshore Ghana with the commencement of drilling of the first well at the Jubilee field. Maersk Venturer...

1st December 2020

Tullow Oil to Expand its Ghanaian Business; Cameroon Issues Call for Tenders

Tullow Oil announces it aims to generate around $7 billion in profits over the next ten years by expanding its Ghanaian business. Although it currently has significant debt since 2019,...

24th November 2020

Tullow Submits Work Plan for ‘Project Oil Kenya’ to the Kenyan Government

Tullow Oil Plc has reportedly presented "the programme - the roadmap for implementing project oil Kenya" to the Kenyan government after the government threatened to revoke its license if the...

12th November 2020

Total totally takes over Tullow Oil Uganda’s Assets After Payment of $500M

Tullow Oil Plc announced on 10th October 2020 that it had received a $500 million consideration from Total for the sale of its assets in Uganda, which marks the completion...

27th October 2020

Ugandan Government Approves Tullow’s Sale to Total E & P

After almost sixteen (16) years in Uganda, Tullow Oil has announced it has received the final approval from the Ugandan government for its farm down to Total E&P. The issued...

17th July 2020

Uganda: 99.93% of Tullow Oil Stakeholders Approve Sale of Ugandan Assets

Tullow Oil has announced its shareholders’ approval for the sale of its entire interests in Block 1, 1A, 2 and 3A in Uganda and the proposed East African Crude Oil...

16th June 2020

Tullow Awaits Approval from Ugandan Government to Complete Deal with Total

After completing its agreement with French oil and gas company, Total, over the transfer of its entire interests in Blocks 1, 1A, 2 and 3A in Uganda, and the proposed...