KAMPALA, Uganda (AP) — Oil drilling has begun in a Chinese-operated field in Uganda and the East African country expects to start production by 2025, an official said Tuesday.
Who owns Uganda’s oilfields?
Fair. Uganda’s second project area, Tilenga, located north of Lake Albert astride River Nile, is operated by France’s TotalEnergies. CNOOC and TotalEnergies co-own all of Uganda’s existing oilfields alongside the state-run Uganda National Oil Company (UNOC). At peak, Uganda plans to produce about 230,000 barrels of crude oil per day.
Will Uganda reach its first oil production target in 2025?
KAMPALA, Jan 24 (Reuters) – Uganda on Tuesday commissioned the first of its four planned oil rigs and the start of drilling the first production well, a key milestone as the country races to meet its target of first oil output in 2025 after a long delay.
How much oil does Uganda produce a day?
CNOOC and TotalEnergies co-own all of Uganda’s existing oilfields alongside the state-run Uganda National Oil Company (UNOC). At peak, Uganda plans to produce about 230,000 barrels of crude oil per day. The country’s crude reserves are estimated at 6.5 billion barrels, of which 1.4 billion barrels are recoverable.