document: In August 2019, Total SA was still waiting for production licences at the Mpyo and Jobi East fields to be issued by the Ministry of Energy and Mineral Development (MEMD). The fields are located in the Exploration Area 1/1A licence which contains the Lyec and Para blocks. Moreover, in April 2020, Total and Tullow signed an agreement in which Tullow will sell its interest in the Lake Albert project to Total. The deal is expected to be completed in 2H 2020 with an effective date of 1 January 2020.  The Mpyo and Jobi East discoveries were made in July 2010 and May 2011, respectively. The Mpyo and Jobi East fields hold oil recoverable resources in Upper Pliocene sands estimated at 89 MMbbl and 190 MMbbl, respectively. The most recent seismic acquisition in the area was performed by Total in mid-2014, when a 340 sq km 3D seismic survey was completed over the former EA1 licence and included the Mpyo, Gunya, Ngiri, Jobi-Rii and Jobi-East discoveries.    Before Tullow and Total's deal, interest in the Exploration Area 1/1A licence was held by Total E&P Uganda (33.33% + operator), CNOOC Uganda Ltd (33.33%) and Tullow Uganda Ltd (33.33%).    Background Information  On 30 August 2016, the MEMD granted three petroleum production licences to Total over other oil fields located in the EA1 (Ngiri, Jobi-Rii and Gunya).  Jobi-East  In May 2011, Jobi East 1 well encountered 20 m of net hydrocarbon bearing reservoir in a fault block adjacent to the Jobi structure and reached a TD of 567 m. Logging and sampling confirmed the presence of oil in two zones of high quality reservoir totalling 15 m of net pay. Gas was also found within sands totalling 5 m of net pay.    The first appraisal well, Jobi East 5/5ST, was found to be water bearing in August 2011. The second appraisal well, Jobi East 2/2ST, successfully extended the field five kilometres northward by intersecting a total net hydrocarbon bearing reservoir of 22.5 m in October 2011 and the well was suspended at a TD of 495 m. The well was subsequently tested and reached a maximum flow rate of 40 b/d of oil.    Jobi East 6 (TD of 380 m) and Jobi East 7 /7A (TD of 444 m) were spudded between July and August 2013, using the Caroil #2 land rig. The Jobi East 7 /7A well was side-tracked, cored and suspended on 28 August 2013. Jobi East 3/3A was spudded on 3 September 2013, reaching a TD at 254 m in late September 2013. The well was further completed in October 2013 and tests yielded maximum flow rate of around 12.6 b/d of oil. In early November 2013, operator Total completed the appraisal well Jobi East 4 at a TD of 235 m. The well was spudded with the OGEC 600 land rig, immediately after the completion and flow testing at the Jobi East 3/3A appraisal well.    Mpyo  Tullow discovered oil with the Mpyo 1 in August 2010 (32 m net hydrocarbon bearing sands in two zones). The Mpyo 3 well was drilled in May 2011 (at TD of 584 m) and it waslocatwed1.6km southeast of the Mpyo 1 wildcat in a down-dip location and within an adjacent fault block. Mpyo 3 well found a 21 m net hydrocarbon bearing sands in June 2011 at a depth of 340 m, in line with pre-drilling expectations.     Total re-entered the Mpyo 1 (TD of 465 m) in August 2012 and tested it. The Mpyo 3 well yielded a maximum flow rate of 174 b/d of oil. Mpyo 4 was drilled between June and July 2013. Flow tests on that well yielded maximum rates of 210 b/d of oil. The Mpyo 5, 6 and 7 were drilled in between September and November 2013.
summary: Tullow has agreed the sale of its 33.33% interests in the Lake Albert devt project to Total for USD 575 MM cash plus post first oil contingent payments, CNOOC has rights of pre-emption on 50% of the Uganda Interests on the same terms and conditions as Total.