HALISTER: Tullow Oil Agrees $900m Uganda Asset Transfer With Total

Tullow Oil Agrees $900m Uganda Asset Transfer With Total

(Bloomberg) -- Tullow to transfer 21.57% interest in Exploration Areas 1, 1A, 2 and 3A in Uganda to Total for total consideration of $900m, Tullow says in statement.
  • Tullow to retain 11.76% interest in upstream and pipeline **Would reduce to 10% when Uganda government exercises right to back-in
  • Tullow shares rise as much as 8.4%
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
FP FP (TOTAL SA)
TLW LN (Tullow Oil PLC)

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