M a r k e t N e w s

Lake Albert Resources Development Project Reached Final Agreement, Confirms Total

Posted on : Thursday , 22nd April 2021

Total, China National Offshore Oil Corporation (CNOOC), Uganda National Oil Company (UNOC), and Tanzania Petroleum Development Corporation (TPDC), partners in the Lake Alberta development project, have completed the final agreements needed to launch the project in East Africa.

In the presence of Yoweri Museveni, President of the Republic of Uganda, Samia Suluhu Hassan, President of the United Republic of Tanzania, Patrick Pouyanné, Chairman and CEO of Total, as well as members of CNOOC, UNOC, and TPDC, the agreement was signed in Entebbe.

Tilenga and Kingfisher upstream oil projects in Uganda, as well as the construction of the East African Crude Oil Pipeline (EACOP) in Uganda and Tanzania, are all part of the Lake Albert production. Total's Tilenga project and CNOOC's Kingfisher project are projected to produce a combined production of 230,000 barrels per day at plateau. Total (56.67 percent), CNOOC (28.33 percent), and UNOC are the upstream partners (15 percent ).

The output will be transported from Uganda's oilfields to Tanzania's port of Tanga through the EACOP cross-border pipeline, which is owned by Total, UNOC, TPDC, and CNOOC.

These agreements pave the way for the Lake Albert development project to get underway. Construction will begin after the key engineering, procurement, and construction contracts are awarded. Early in 2025, the first oil export is expected.

Both of the partners are committed to carrying out these projects in an exemplary manner, taking into account the highest biodiversity and environmental stakes, as well as the rights of local communities, and adhering to the International Finance Corporation's strict environmental and social performance criteria (IFC).

“The Tilenga production and EACOP pipeline project are big projects for Total, and they are consistent with our policy to concentrate on low breakeven oil projects while reducing the average carbon intensity of the group's upstream portfolio,” Pouyanné said.

Both Uganda and Tanzania will benefit from these ventures because they will generate substantial in-country value. Total is also taking the sensitive environmental background and social stakes of these onshore projects very seriously. Our pledge is to carry out these initiatives in a professional and open manner.”

Source : www.exafnz.com
Featured Companies
  • GULF WELL SOLUTIONS
  • SKYTRADE GLOBAL ENTERPRISES LTD
  • /
  • MAVI DENIZ CEVRE HIZ A.S
  • Your Banner HERE!

Complete List  

Advertisers in previous issue:

  • The trusted source for all your heavy  equipment needs!
  • Pumping solutions, a technological potential.
  • Used Machinery
  • ISISAN is a core member of a group who employs, approx 2000 people and active in pipe manufacturing, furniture, machine made carpets, flour mill and animal feed production.
  •  ABL Machine Tools, One of the group companies of ABL India is India
  • BITZER ranks among the leading manufacturers of refrigerant compressors.
  •  TITAN Containers is one of the largest privately owned companies supplying containers for a multitude of applications.
  • Narrowtex is a fully integrated company with processes such as warping, weaving, knitting, dyeing, finishing, make-up and packaging
  • Save your power bill by instaling servo voltage stabilizer.
  • Shenzhen City, Riland Industrial Co., Ltd. is China
  • Manufacturer of auxiliary equipments
  • Al Hosni Group International, has the experience and expertise in Construction, Manufacturing, Marketing, Hospitality, Chemicals, Gas services and environmental projects.
  • Vrushabh is one of the leading manufacturer and distributor of Conveyor Belts, Transmission Belts, Elevator Belts, PVC Belts.
  • All type conveyor belts for internal & external location tapis roulant de tout genre pous deplacement a l
  •  SS Gas Lab Asia is a reputed engineering company, engaged in manufacturing of carbon dioxide gas plants, hydrogen gas plants, nitrogen dioxide gas plants, CO2 storage tanks, CO2 transportation tankers and dry ice plants.
  •  Unipro was born to transmit and give its experience in trading high quality safety equipments ensuring high quality products under international standards required in the Oil and Gas, Mining, Construction, automotive, Steel and Chemical industries.
  • We manufacture; As Welded, Outer Diameter Conditioned, and Bead Hammered stainless steel tubing to ASTM standards We manufacture; As Welded, Outer Diameter Conditioned, and Bead Hammered stainless steel tubing to ASTM standards
  • Air Conditioning Hire
  •  Portwest is a global vertical company with over 100 years of experience in the design, manufacture and supply of protective clothing, safety footwear, specialist gloves and PPE to resellers and distributors at the most competitive prices.
  • Prisma s.r.l. is an industrial reality, qualified in the study and the production of automatic doors for lift.
  •  BMC China Exhibition Co., Ltd is the wholly-owned subsidiary of German Enerxy AG Group
  • Manufacturing and marketing "aira" brand Valve Automation Products
  •  K & S Financial Group is the link between the end buyer and a reputable Russian refinery.
  • Sonmez Makina Ltd. is a manufacturer and exporter company for filling systems of domestic use LPG cylinders.
  • Speco Ltd. is the leading manufacturer & supplier of Asphalt Mixing Plant, Concrete Batching Plant, Crushing Plant & Optimized Integrated Flue Gas Treatment System.
Afrotrade International Marketing, Tel: +971-50-6285684
© 1998-2025 Afrotrade