Under the terms of the deal, Total will acquire all of Tullow’s existing 33.3334% stake in each of the Lake Albert project licenses EA1, EA1A, EA2 and EA3A and the proposed East African Crude Oil Pipeline (EACOP) System.
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Tullow Oil and French Oil giant Total have today announced, entering into an agreement, through which Total shall acquire Tullow’s entire interests in Blocks 1, 1A, 2 and 3A in Uganda’s Lake Albert development project as well as its interests in the proposed East African Crude Oil Pipeline (EACOP). The deal is effective 1st January 2020. Under the terms of the deal, Total will acquire al

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About the Author

Muhereza Kyamutetera is the Executive Editor of CEO East Africa Magazine. I am a travel enthusiast and the Experiences & Destinations Marketing Manager at EDXTravel. Extremely Ugandaholic. Ask me about #1000Reasons2ExploreUganda and how to Take Your Place In The African Sun.