• Total is terminating the agreement to acquire a share of Tullow’s interests in Uganda. • The Ugandan Revenue Authority and the Joint Venture Partners could not agree on the availability of tax relief for the consideration to be paid by Total and CNOOC as buyers
29 Aug 2019
FLASH: Farm-out in Uganda terminated
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FLASH: Farm-out in Uganda terminated
Tullow Oil plc (TLW:LON) | 31.3 -0.1 (-0.6%) | Mkt Cap: 455.6m
- Published:
29 Aug 2019 -
Author:
Stephane Foucaud -
Pages:
2
• Total is terminating the agreement to acquire a share of Tullow’s interests in Uganda. • The Ugandan Revenue Authority and the Joint Venture Partners could not agree on the availability of tax relief for the consideration to be paid by Total and CNOOC as buyers