ADVERTISEMENT
Africanian
  • News
  • News 24/7
  • Politics
  • Business
  • Health
  • Sports
  • Travel
  • World
    • US
    • Russia
    • Europe
    • Asia
    • America
No Result
View All Result
Africanian
No Result
View All Result
Home Business

Uganda: Authorities Maintain its Oil Drill Projects are Developed Sustainably

Ugandan's Kingfisher oil field is operated by China National Offshore Oil Corporation (CNOOC), as part of a joint deal with French oil giant TotalEnergies. Another oil field, Tilenga, is operated by TotalEnergies.

in Business, News
Reading Time: 2 mins read
0 0
0
Uganda: Authorities Maintain its Oil Drill Projects are Developed Sustainably
0
SHARES
Share on FacebookShare on TwitterShare via Whatsapp

Kingfisher oilfield is expected to produce 40,000 barrels each day when production is at its peak, while Tilenga is expected to produce 190,000 barrels. Both form a key part of a major national project expected to be completed within two years.

Read More: Empowering Africa: The Impact of Digital Literacy on Cultural Knowledge

Uganda is estimated to have recoverable oil reserves of at least 1.4 billion barrels. Drilling began in January this year (2023), the project is expected to be completed within two years. Speaking on behalf of the Petroleum Authority of Uganda, corporate affairs manager Gloria Sebikari says the country is on track to begin producing oil by 2025.

She says $6.9 billion (USD) worth of contracts are being awarded, $1.8 billion (USD) of those will go to local companies. Sebikari says work on the 897-mile (1,443-kilometer) East African Crude Oil Pipeline (EACOP) is expected to begin this year. It will be the world’s longest heated oil pipeline, transporting crude from fields near Lake Albert in western Uganda to Tanzania’s Indian Ocean port of Tanga.

The $2.5 billion dollar project provoked concern from groups who argue the pipeline poses serious risk to the environment. Some oil wells are to be drilled within Uganda’s Murchison Falls National Park, where the Nile plummets 130 feet (40 meters) through a gap just 20 feet (6 meters) wide.

More

Dreams Talks: Kicking Goals With Femi Raji —NFF Comms Chief

XI ProCom Congress Highlights Entrepreneurial Path for Journalism’s Future

Pan-African Technology Group Partners with Atlas AI to drive African Digital Transformation

Read More: Botswana signs new diamond sales deal with De Beers

The surrounding wilderness is home to hippos, egrets, giraffes and antelopes. The pipeline would then pass through seven forest reserves and two game parks, running alongside Lake Victoria, a source of freshwater for 40 million people.

That ecological fragility is one reason why some activists oppose the project despite assurances from TotalEnergies that the pipeline’s state-of-the-art-design will ensure safety for decades.

On Tuesday (26 June 2023) environmental groups brought another legal case against TotalEnergies in the French courts, the civil suit filed in Paris came four months after the collapse of a similar case brought by activists.

The new litigation cites TotalEnergies’ alleged failure to comply with France’s “duty of vigilance” law and seeks compensation for the company’s alleged violations of land and food rights over six years. TotalEnergies has long denied the allegations.

Read More: The Way for a Thriving & Inclusive Economy –Mara Zhanet Michelo

Aside from environmental concerns, some say Uganda’s plans to tap oil from Lake Albert may cause tensions with the Democratic Republic of Congo due to their close border. Felix Ocitti, manager of operations and compliance at Petroleum Authority of Uganda, says they’ve already put measures in place to resolve that.

Africanian

Africanian

  • Trending
  • Comments
  • Latest
Equatorial Guinea: Dreams Hub Hosts Finals of Pitch your Dreams

Equatorial Guinea: Dreams Hub Host Finals of Pitch your Dreams

September 23, 2023
Digital Ecosystem: Value Proposal by Dreams Hub to Bioko Chamber of Commerce, Equatorial Guinea

Digital Ecosystem: Value Proposal by Dreams Hub to Bioko Chamber of Commerce, Equatorial Guinea

September 26, 2023
The African Renaissance –A Stage for Creativity and Technology

The African Renaissance –A Stage for Creativity and Technology

September 22, 2023
Dreams Talks: Kicking Goals With Femi Raji —NFF Comms Chief

Dreams Talks: Kicking Goals With Femi Raji —NFF Comms Chief

September 28, 2023
XI ProCom Congress Highlights Entrepreneurial Path for Journalism’s Future

XI ProCom Congress Highlights Entrepreneurial Path for Journalism’s Future

September 28, 2023
Pan-African Technology Group Partners with Atlas AI to drive African Digital Transformation

Pan-African Technology Group Partners with Atlas AI to drive African Digital Transformation

September 28, 2023
Africanian

Copyright © 2022 Africanian.com.

Follow Us

No Result
View All Result
  • News
  • Politics
  • Business
  • Health
  • Sports
  • Entertainment
  • Tech
  • Travel
  • World

Copyright © 2022 Africanian.com.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Log In

Sign In

Forgot password?

Don't have an account? Register

Forgot password?

Enter your account data and we will send you a link to reset your password.

Back to Login

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Accept

Add to Collection

  • Public collection title

  • Private collection title

No Collections

Here you'll find all collections you've created before.