CNOOC has decided not to pre-empt the sale of Tullow's assets in Uganda to Total. Tullow announced last month it had agreed the disposal of its assets to Total and that CNOOC had rights of pre-emption to acquire 50% of the assets on same terms + conditions as Total. Accordingly, there are no changes to the previously-announced transaction or timeline and the deal should complete in 2H '20. Involved are:   - Total-operated: Exploration Area 1/1A (Lyec), PL7/2016 (Jobi-Rii), PL8/2016 (Gunya), PL6/2016 (Ngiri)  - Tullow-operated: PL3/2016 (Nsoga), PL1/2016 (Kasamene-Wahrindi), PL4/2016 (Ngege), PL2/2016 (Kigogole-Ngara), PL6/2016 (Mputa-Nzizi-Waraga)  - CNOOC-operated: PL1/2012 (Kingfisher).
CNOOC has decided not to pre-empt the sale of Tullow's assets in Uganda to Total. Tullow announced last month it had agreed the disposal of its assets to Total and that CNOOC had rights of pre-emption to acquire 50% of the assets on same terms + conditions as Total. Accordingly, there are no changes to the previously-announced transaction or timeline and the deal should complete in 2H '20. Involved are: - Total-operated: Exploration Area 1/1A (Lyec), PL7/2016 (Jobi-Rii), PL8/2016 (Gunya), PL6/2016 (Ngiri) - Tullow-operated: PL3/2016 (Nsoga), PL1/2016 (Kasamene-Wahrindi), PL4/2016 (Ngege), PL2/2016 (Kigogole-Ngara), PL6/2016 (Mputa-Nzizi-Waraga) - CNOOC-operated: PL1/2012 (Kingfisher).