CNOOC elects not to pre-empt sale of assets in Uganda
Tullow has announced that it had agreed the sale of its assets in Uganda to Total and that CNOOC had rights of pre-emption to acquire 50% of these assets on … Read More
Tag: farm-down
Total SA Suspends Investment Plans in the East Africa Crude Oil Pipeline
Total SA has suspended plans to build the 1445 kilometer East Africa Crude Oil pipeline from Hoima (Uganda) to Tanga in Tanzania citing frustrations by the Uganda government in completion … Read More
Tullow Oil to spend $170M in Kenya’s Pre-Development, Exploration & Appraisal Activity in 2018
Tullow Oil estimates to spend approximately $170 Million in Kenya’s Pre-Development, Exploration & Appraisal Activity in 2018 a majority of which is set aside for Exploration and Appraisal at $90 … Read More
CNOOC to acquire 50% of Tullow’s farm down rights to Total in Uganda
Following Tullow Oil plc announced farm-down of 21.57% of its 33.33% interests in Exploration Areas 1, 1A, 2 and 3A in Uganda to Total E&P Uganda B.V. (Total) for a … Read More
Tullow Oil announces $900M farm down of Uganda assets to Total
A Sale and Purchase Agreement with an effective date of 1 January 2017 has been signed in which Tullow has agreed to transfer 21.57% of its 33.33% interests in Exploration Areas … Read More
Tullow Oil announces Farm-Down to Delonex Energy in Kenya’s Block 12A
Kenya’s Block 12A operator Tullow Oil has announced it has agreed to farm-down 25% of its 65% operated working interest in Block 12A to Delonex for a carry. The block … Read More
Swala Energy announces progress in its planned farm in East African assets
Swala Energy Limited has announced that, following the completion on the 31st March 2015 of the strategic review process managed by FirstEnergy Capital LLP, the Company has received a number … Read More
ERHC prepares for 1st drilling in Kenya’s Block 11A
Houston based explorer ERHC has said it is working on securing the requisite drilling rig for its first well in Block 11A even as it continues with studies to determine … Read More
Experts call for clear tax policies on farm down transactions in Kenya
[twitter-follow screen_name=’oilnewskenya’] Tax experts Deloitte East Africa have expressed fear that the unclear tax policy position on farm down transactions may be a draw back with the potential to derail … Read More
Swala Energy appoints financial advisor as it considers farm-down in East Africa
Swala Energy has announced that it has appointed London based First Energy Capital LLP as financial adviser to the Company as it considers interest from a third party to … Read More