{"id":11851,"date":"2022-02-17T07:46:07","date_gmt":"2022-02-17T07:46:07","guid":{"rendered":"https:\/\/www.oilnewskenya.com\/?p=11851"},"modified":"2022-02-17T07:46:07","modified_gmt":"2022-02-17T07:46:07","slug":"uganda-tullow-oil-receives-contingent-consideration-of-75-million","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/uganda-tullow-oil-receives-contingent-consideration-of-75-million\/","title":{"rendered":"UGANDA: Tullow Oil Receives Contingent Consideration of $75 million"},"content":{"rendered":"

Tullow Oil has announced that the Final Investment Decision for the Tilenga Project in Uganda and the East African Crude Oil Pipeline (EACOP) as reported by Total Energies Ltd on 1 February 2022 has triggered a contingent consideration of $75 million in relation to Tullow\u2019s sale of its assets in Uganda to Total in 2020.<\/p>\n

Tullow will continue to have exposure to the Tilenga Project through additional cash consideration which may be received in the form of contingent payments depending on the average annual Brent price once production commences.<\/p>\n

“Today\u2019s payment underpins Tullow\u2019s free cash flow in 2022, supported by a strong start to the year with a realised average oil price (post hedging) of c.$86 per barrel in January,” the company said in a statement.<\/p>\n","protected":false},"excerpt":{"rendered":"

Tullow Oil has announced that the Final Investment Decision for the Tilenga Project in Uganda and the East African Crude Oil Pipeline (EACOP) as reported by Total Energies Ltd on … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":9446,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[7442,7443,11],"tags":[6178,686,4064,6683,9029,2571,2603],"class_list":["post-11851","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","category-eastern-africa","category-top-news","tag-eacop","tag-east-african-crude-oil-pipeline","tag-fid","tag-tilenga-project","tag-total-energies","tag-tullow-oil","tag-uganda","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/11\/Tullow-Oil-Uganda.jpg?fit=1024%2C683&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-359","jetpack-related-posts":[{"id":8128,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tullow-oil-offloads-uganda-assets-to-total\/","url_meta":{"origin":11851,"position":0},"title":"Tullow Oil Offloads Uganda Assets to Total","author":"","date":"April 23, 2020","format":false,"excerpt":"Tullow and Total E&P Uganda B.V. (Total Uganda) have signed a Sale and Purchase Agreement (SPA), with an effective date of 1 January 2020 (the Effective Date), in which Tullow has agreed to transfer its entire interests in Blocks 1, 1A, 2 and 3A in Uganda and the proposed East\u2026","rel":"","context":"In "Eastern Africa"","block_context":{"text":"Eastern Africa","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/eastern-africa\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11781,"url":"https:\/\/www.oilnewskenya.com\/index.php\/east-africa-to-witness-increased-upstream-activity-in-2022\/","url_meta":{"origin":11851,"position":1},"title":"East Africa to Witness Increased Upstream Activity in 2022","author":"","date":"February 8, 2022","format":false,"excerpt":"The three countries Kenya, Uganda and Tanzania could see investments of over $13 billion in the upstream sector from ongoing exploration and entry in the development stage. This is according to the Kenya and Tanzania Upstream outlooks unveiled free to the public earlier today on OilNews Africa website. The Uganda\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Exalo-202-Rig.jpeg?fit=1024%2C681&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Exalo-202-Rig.jpeg?fit=1024%2C681&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Exalo-202-Rig.jpeg?fit=1024%2C681&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Exalo-202-Rig.jpeg?fit=1024%2C681&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":8141,"url":"https:\/\/www.oilnewskenya.com\/index.php\/east-africas-oil-industry-a-new-story-in-the-making\/","url_meta":{"origin":11851,"position":2},"title":"East Africa\u2019s Oil Industry: A New Story in the Making","author":"","date":"April 29, 2020","format":false,"excerpt":"The recent acquisition by Total of Tullow Oil\u2019s entire interests in the Lake Albert Development Project in Uganda, including the East African Crude Oil Pipeline, marks the beginning of a new chapter for East Africa\u2019s energy industry. To dissect the deal and discuss its wider implications for the region, the\u2026","rel":"","context":"In "Eastern Africa"","block_context":{"text":"Eastern Africa","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/eastern-africa\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11726,"url":"https:\/\/www.oilnewskenya.com\/index.php\/uganda-jv-to-announce-eacop-kingfisher-tilenga-projects-final-investment-decision\/","url_meta":{"origin":11851,"position":3},"title":"Uganda JV to announce EACOP, Kingfisher & Tilenga Projects Final Investment Decision","author":"","date":"January 31, 2022","format":false,"excerpt":"The joint venture partners in Uganda's Tilenga and East Africa Crude Oil Projects Total Energies, CNOOC and state-owned UNOC are expected to announce reaching the final investment decision tomorrow two months after CNOOC reached FID on the Kingfisher project. The announcement is expected tomorrow at 10am in Kampala paving way\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/01\/Tilenga-Project.jpg?fit=1007%2C1200&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/01\/Tilenga-Project.jpg?fit=1007%2C1200&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/01\/Tilenga-Project.jpg?fit=1007%2C1200&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/01\/Tilenga-Project.jpg?fit=1007%2C1200&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":10199,"url":"https:\/\/www.oilnewskenya.com\/index.php\/uganda-tanzania-total-sign-final-agreements-for-the-lake-albert-resources-development-project\/","url_meta":{"origin":11851,"position":4},"title":"Uganda, Tanzania, Total Sign Final Agreements for the Lake Albert Resources Development Project","author":"","date":"April 12, 2021","format":false,"excerpt":"During a signing ceremony held yesterday\u00a0in Entebbe, in the presence of Yoweri Museveni, President of the Republic of Uganda, Samia Suluhu Hassan, President of the United Republic of Tanzania, Patrick Pouyann\u00e9, Chairman and CEO of Total, as well as representatives of China National Offshore Oil Corporation (CNOOC), Uganda National Oil\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/04\/EACOP-signing-scaled.jpg?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/04\/EACOP-signing-scaled.jpg?fit=1200%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/04\/EACOP-signing-scaled.jpg?fit=1200%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/04\/EACOP-signing-scaled.jpg?fit=1200%2C800&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/04\/EACOP-signing-scaled.jpg?fit=1200%2C800&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":10097,"url":"https:\/\/www.oilnewskenya.com\/index.php\/uganda-postpones-launch-of-the-east-african-crude-oil-pipeline-to-april\/","url_meta":{"origin":11851,"position":5},"title":"Uganda Postpones Launch of the East African Crude Oil Pipeline to April","author":"","date":"March 24, 2021","format":false,"excerpt":"The Ugandan government has announced that it has pushed back the launch of the East African Crude Oil pipeline to April following the death of Tanzania's president John Pombe Magufuli last week. According to a statement by the Petroleum Authority of Uganda the launch of the Tilenga Development Project and\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/02\/EACOP-Pipeline-construction-2.jpg?fit=800%2C533&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/02\/EACOP-Pipeline-construction-2.jpg?fit=800%2C533&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/02\/EACOP-Pipeline-construction-2.jpg?fit=800%2C533&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/02\/EACOP-Pipeline-construction-2.jpg?fit=800%2C533&ssl=1&resize=700%2C400 2x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/11851","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=11851"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/11851\/revisions"}],"predecessor-version":[{"id":11853,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/11851\/revisions\/11853"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/9446"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=11851"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=11851"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=11851"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}