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Spotlight | Uganda
Total secures highly preferential deal on Tullow assets

A Tullow Oil drilling site in Uganda on the shore of Lake Albert, in Kigogole. © Sven Torfinn/PANOS-REA

Panic at the summit of the state in Kampala has resulted in a deal that is highly favourable to the oil companies. Here's what happened behind the scenes. [...]

Published on 26/06/2020 at 06:00 GMT Reading time 2 minutes

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Energy

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Ahlem Friga Noy
Cnooc
Doris Akol
Fred Kabagambe Kaliisa
Genevieve Munduru
John Musinguzi
oweri Museven
Patrick Pouyanne
Total
Tullow Oil
Uganda Revenue Authority

Uganda
TotalEnergies exasperated with slow pace of Museveni's approvals needed for Tilenga

Unlike its neighbour Tanzania, Uganda is incapable of making decisions in a hurry. Everything has to go through Museveni.

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The President of the Republic of Uganda, Yoweri Museveni.

Uganda
Total given carte blanche by Museveni

Total is set to recoup over three billion dollars on the development of the Tilenga project, the Ugandan president having conceded to all of the demands of the French oil major to ensure that production begins before the end of his term in 2026.

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Uganda
Museveni left alone with Total and CNOOC following closure of second licensing round

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Uganda
Museveni seeks to avoid repeat of Tullow Oil/Total capital gains setback

After a series of run-ins in the courts and with oil companies threatening to quit the country, the Ugandan government has opted to make concessions on capital gains taxes.

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Spotlight | Uganda
Museveni ready to make financial concessions to promote iron and steel production

To ensure that investors actually carry out their plans to build steel plants and develop iron ore production in Uganda, head of state Yoweri Museveni has decided to offer financial and fiscal incentives to developers of new projects.

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Africa, United States
Francis Fannon, at the vanguard of Trump's African oil diplomacy

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US Assistant Secretary of State for Energy Resources Francis Fannon.

Uganda
Why CNOOC passed up pre-emption option on Tullow Oil

The Chinese major CNOOC has serious doubts as to the viability of Ugandan crude exports, which explains its recent lack of investment and its decision to leave the way clear for Total.

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Spotlight | Uganda
How Pouyanné used Covid crisis to Total's advantage in Tullow acquisition

In between cancelled meetings, Total and Tullow Oil were able to prompt swift action from President Yoweri Museveni over the Lake Albert asset sale. Now all that remains to be seen is what CNOOC will decide to do.

Subscribers only Energy 28.04.2020

Total chairman and CEO Patrick Pouyanné.

Spotlight | Uganda
Total/Tullow Oil: why Yoweri Museveni turned his oil commando unit on its head

Wanting to push ahead with the development of the Lake Albert fields that Tullow Oil and Heritage Oil discovered since 2006 and are presently under Tullow/Total and Cnooc's watch, President Yoweri Museveni made pivotal changes to Uganda's top oil staff [.

Subscribers only Energy 07.01.2020

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Ahlem Friga Noy
Cnooc
Doris Akol
Fred Kabagambe Kaliisa
Genevieve Munduru
John Musinguzi
oweri Museven
Patrick Pouyanne
Total
Tullow Oil
Uganda Revenue Authority

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Spotlight | Uganda
Total secures highly preferential deal on Tullow assets

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Set up email notifications for these topics

Uganda
TotalEnergies exasperated with slow pace of Museveni's approvals needed for Tilenga

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Africa Intelligence on social media

Indigo Publications' websites

About Africa Intelligence

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Indigo Publications' websites

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Spotlight | Uganda Total secures highly preferential deal on Tullow assets

This article may be accessed by subscribers

Do you want a free trial before subscribing?

Create your free account

create a free account

Set up email notifications for these topics

Uganda TotalEnergies exasperated with slow pace of Museveni's approvals needed for Tilenga

Uganda Total given carte blanche by Museveni

Uganda Museveni left alone with Total and CNOOC following closure of second licensing round

Uganda Museveni seeks to avoid repeat of Tullow Oil/Total capital gains setback

Spotlight | Uganda Museveni ready to make financial concessions to promote iron and steel production

Africa, United States Francis Fannon, at the vanguard of Trump's African oil diplomacy

Uganda Why CNOOC passed up pre-emption option on Tullow Oil

Spotlight | Uganda How Pouyanné used Covid crisis to Total's advantage in Tullow acquisition

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Uganda How a cornered Museveni gave in to Total and Tullow Oil

Uganda Total/Cnooc/Tullow Deal: Kaliisa steers exploration rescue mission

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Uganda Lowdown on Museveni's Entebbe catch up with Total boss Pouyanne

Uganda Why Total will be loaning Tullow Oil $80 million

Uganda Total boss seeks action from secret meeting with Museveni

Uganda Lake Albert: Museveni issues Tullow, Total and Cnooc with ultimatum

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Botswana, South Africa
From Gaborone to Antwerp, is De Beers's empire on the rocks?

Mali, Senegal, Togo
The secrets of Demex, the trader selling Russian oil in West Africa

Spotlight | Uganda
Total secures highly preferential deal on Tullow assets

Uganda
TotalEnergies exasperated with slow pace of Museveni's approvals needed for Tilenga

Uganda
Total given carte blanche by Museveni

Uganda
Museveni left alone with Total and CNOOC following closure of second licensing round

Uganda
Museveni seeks to avoid repeat of Tullow Oil/Total capital gains setback

Spotlight | Uganda
Museveni ready to make financial concessions to promote iron and steel production

Africa, United States
Francis Fannon, at the vanguard of Trump's African oil diplomacy

Uganda
Why CNOOC passed up pre-emption option on Tullow Oil

Spotlight | Uganda
How Pouyanné used Covid crisis to Total's advantage in Tullow acquisition

Spotlight | Uganda
Total/Tullow Oil: why Yoweri Museveni turned his oil commando unit on its head

Uganda
How a cornered Museveni gave in to Total and Tullow Oil

Uganda
Total/Cnooc/Tullow Deal: Kaliisa steers exploration rescue mission

Uganda
Does Yoweri Museveni really want to hold back Tullow Oil and Total?

Uganda
Lowdown on Museveni's Entebbe catch up with Total boss Pouyanne

Uganda
Why Total will be loaning Tullow Oil $80 million

Uganda
Total boss seeks action from secret meeting with Museveni

Uganda
Lake Albert: Museveni issues Tullow, Total and Cnooc with ultimatum