Uganda oil inches forward
Uganda hopes to see its first crude oil exports by 2022
The partners in Uganda's oil export project insist they are still on track to make a final investment decision (FID) by mid-2019, as obstacles on the path towards first production are slowly cleared. Total, China's Cnooc and UK independent Tullow are developing discoveries in the Lake Albert region of landlocked Uganda, which is estimated to have total resources of some 6.5bn bl of crude oil in place. Production will be transported from a hub at Homa, near Lake Albert, to Tanga on the Tanzanian coast through a 1,445km (898 mile) pipeline, with a capacity of around 216,000bl/d. First exports had originally been pencilled in for 2020, but various delays have led the government to shift the dat
Also in this section
24 January 2025
Domestic companies in Nigeria and other African jurisdictions are buying assets from existing majors they view as more likely to deliver production upside under their stewardship
23 January 2025
The end of transit, though widely anticipated, leaves Europe paying a third more for gas than a year ago and greatly exposed to supply shocks
23 January 2025
The country’s government and E&P companies are leaving no stone unturned in their quest to increase domestic crude output as BP–ONGC tie-up leads the way
22 January 2025
The return of Donald Trump gives further evidence of ‘big oil’ as an investable asset, with the only question being whether anyone is really surprised
