A view of Lake Albert
Cnooc to start drilling in Uganda
Kampala is bullish about the country’s upstream future
Uganda may be able start producing oil from its Lake Albert developments ahead of schedule. Chinese state-controlled Cnooc will start drilling for oil on the Kingfisher field in February. Cnooc’s drilling “will enable Uganda to pump out 40,000bl/d in 2024, ahead of the June 2025 deadline the country set for first oil commercial production”, state-owned Uganda National Oil Company (Unoc) says. The Chinese firm erected the rig at Buhuka Flat last November. Cnooc (with 28.33pc) is partnered with Unoc (15pc) and French major TotalEnergies (56.67pc) in the Lake Albert development, which will send oil along the planned East Africa Crude Pipeline (Eacop) for export via the Tanzanian port of Tanga.
Also in this section
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
