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Tullow completes £575m Ugandan assets sale

By BFN News | 01:05 PM | Tuesday 10 November, 2020


Tullow Oil has completed the sale of its Ugandan assets to Total. Made in two considerations, this sale will see Tullow receive $575 million in total. Although Tullow will retain a financial link to the development project through potential contingent payments, the closing of this transaction marks Tullow's exit from its licences in Uganda after 16 years of operations. At 1:05pm: (LON:TLW) Tullow Oil PLC share price was +0.57p at 20.94p (LON:TOT) Total Produce PLC share price was 0p at 101.5p Story provided by StockMarketWire.com

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