Who owns oil in Uganda?
According to the shareholder agreement, the EACOP shareholders are Total (72%), Uganda National Oil Company (15%), CNOOC (8%), and Tanzania Petroleum Development Corporation (5%).
What is the Tilenga project in Uganda?
The Tilenga project comprises oil exploration, a crude oil processing plant, underground pipelines, and infrastructure in the Buliisa and Nwoya districts of Uganda.
Which lake in Uganda has oil deposits?
Of Uganda’s five sedimentary basins in Uganda (The Albertine Graben, Hoima Basin, Lake Kyoga Basin, Lake Wamala Basin, Kadam-Moroto Basin), the Albertine Graben has so far been discovered as the most prospective area for petroleum in Uganda.
Who discovered oil in Uganda?
Geologist E.J. Wayland
The Early Efforts (Pre-1980) In 1925, Petroleum Potential of Uganda was documented by a Government Geologist E.J. Wayland, in the publication “Petroleum in Uganda”. The report documented existence of oil seepages along the shores of Lake Albert in on both Uganda and DRC sides.
Does Uganda have oil reserves?
Western Uganda has approximately 6.5 billion barrels of oil reserves, with at least 1.4 billion estimated to be economically recoverable.
Does Uganda have petroleum?
Uganda holds 2,500,000,000 barrels of proven oil reserves as of 2016, ranking 31st in the world and accounting for about 0.2% of the world’s total oil reserves of 1,650,585,140,000 barrels. Uganda has proven reserves equivalent to 214.0 times its annual consumption.
Where is Tilenga located?
Lake Albert
Tilenga: located in the Buliisa and Nwoya districts in the Lake Albert, the Tilenga project is operated by TotalEnergies (56.6%), in partnership with CNOOC and UNOC. It includes the development of six fields and the drilling of around 400 wells from 31 locations.
Who are the shareholders in EACOP?
The shareholders are: the Uganda National Oil Company (UNOC) with 15%; the Joint Venture Partners (Total Holdings International B.V. with 62% and CNOOC Uganda Limited with 8%) and the Tanzania Petroleum Development Corporation (TPDC). TPDC will take shareholding of up to 15%.
Which company discovered oil in Uganda?
Hardman Petroleum Pty (now Tullow) makes the first commercial discovery well in Kayiso Tonya area.
Which company is drilling oil in Uganda?
CNOOC International is one of the largest oil and gas companies in Uganda’s energy sector and owns one-third interests in each of Exploration Areas (EA) EA1/1A, EA2 and Kingfisher. Our partners are Total E&P Uganda (33.3%) and Tullow Oil (33.3%). CNOOC International operates the Kingfisher production license.