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News
CNOOC to completet heacquisition of the assets
China National Offshore Oil Corporation announced yesterday that CNOOC completed the acquisition of the interests of the British Tullow in the exploration area in Uganda, 2 and 3A third. The total transaction consideration of approximately $ 1.467 billion in cash.CNOOC announced in March last year, Tullow signed sale and purchase agreement to acquire the interests of the company in Uganda, three exploration areas in third.
CNOOC said the transaction is completed, CNOOC will serve as the original 3A block new Kanywataba exploration licenses and the former 3A blocks Kingfisher findings into the operator of production license. Tullow and Total SA of France will serve as the operator of the 2 and 1 in the exploration area.
