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With key deals, Uganda''s nascent oil sector nears maturity
April 12, 2021
Source: Energyworld

With key deals, Uganda''s nascent oil sector nears maturity

Uganda, Tanzania and French oil company Total are set to sign agreements Sunday on building a heated pipeline to carry crude oil from western Uganda to the Indian Ocean coast. Construction of the pipeline, which would be the world's longest at 897-miles, is expected to begin this year. Tanzania's new leader, President Samia Suluhu Hassan, is in Uganda to sign the documents, perhaps her most important executive action since her inauguration last month.

Total to acquire Tullow Oil's stake in Uganda project
April 24, 2020
Source: Reuters

Total to acquire Tullow Oil's stake in Uganda project

French oil supermajor, Total has agreed to purchase Tullow Oil’s full stake in jointly-held onshore oil fields in Uganda for $575 million. Tullow Oil yesterday informed that it is looking to raise $1 billion this year in a bid to diminish its $2.8 billion of debt. The deal is now subject to the two companies inking a final tax agreement with the Ugandan authorities and a go-ahead from Tullow’s shareholders.

CNOOC sees probable start of Uganda’s oil field in 2021
May 25, 2018
Source: World Oil

CNOOC sees probable start of Uganda’s oil field in 2021

CNOOC Ltd., the Chinese oil firm, on behalf of its partners- Total SA and Tullow Oil, will most likely begin production at its Kingfisher field by 2021. Three years is a considerable time to develop the Kingfisher field which is one of the several in the Albertine Graben, a territory assessed to hold 6.5 Bbbl of oil. CNOOC plans to pump 40,000 bbl of crude a day from the field.

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