Uganda launches first oil drilling programme, targets 2025 output

0
99
000 337Q3Ng

Uganda found industrial oil reserves nearly 20 years in the past however manufacturing has been delayed by lack of infrastructure.

Uganda on Tuesday launched its first oil drilling programme, its petroleum company mentioned, a key milestone because the nation races to satisfy its goal of first oil output in 2025.

The Kingfisher subject is a part of a $10bn scheme to develop Uganda’s oil reserves below Lake Albert within the west of the nation and construct an enormous pipeline to ship the crude to worldwide markets through an Indian Ocean port in Tanzania.

“The president [Yoweri Museveni] has officially commissioned the start of drilling campaign on the Kingfisher oilfield,” the Petroleum Authority of Uganda (PAU) mentioned on Twitter, describing the event as a “milestone”.

The East African nation found industrial reserves of petroleum nearly twenty years in the past in one of many world’s most biodiverse areas however manufacturing has been repeatedly delayed by a scarcity of infrastructure like a pipeline.

The Kingfisher subject, operated by the state-owned China National Offshore Oil Corporation (CNOOC), is predicted to provide 40,000 barrels of oil per day at its peak, PAU mentioned.

“We are excited as a country and Africa,” vitality minister Ruth Nankabirwa instructed the AFP information company.

PAU, which regulates the petroleum sector, mentioned President Yoweri Museveni launched the programme at a web site within the Kingfisher challenge space, one of many nation’s two industrial oil growth areas.

Uganda’s second challenge space, Tilenga, positioned north of Lake Albert astride River Nile, is operated by France’s TotalEnergies.

CNOOC and TotalEnergies co-own all of Uganda’s current oilfields alongside the state-run Uganda National Oil Company (UNOC).

At peak, Uganda plans to provide about 230,000 barrels of crude oil per day. The nation’s crude reserves are estimated at 6.5 billion barrels, of which 1.four billion barrels are recoverable.

However, the plans to faucet the oil at Lake Albert, a 160-kilometre (100-mile) lengthy physique of water separating Uganda from the Democratic Republic of Congo, have run into sturdy opposition from rights activists and environmental teams.

They have mentioned it threatened the area’s fragile ecosystem and the livelihoods of tens of hundreds of individuals.

Source