Alex Nyombi, the Director of Development and Production at the Petroleum Authority of Uganda said both rigs have noise-suppressing technology and are fully automated and environmentally friendly.
Cassava has been cultivated as a food crop in Bunyoro, with oil and gas in the area, farmers are being mobilized to farm it in bulk so that it can generate cash.
The report suggests exploring alternative applications of oil, such as its use in the production of fertilizers and petrochemicals, as a means of mitigating the impact of diminishing demand for transportation fuels.
Africa currently exports 70% of its crude oil and 45% of its gas. Global energy statistics indicate that Africa’s people have the least access to energy.
The construction of the pipeline is expected to cost between $ 4.2-$5 billion. So according to Kamuntu, the project is likely to take off when the financing is secured.
Pouyanné in a statement said with the increased penetration of renewables globally, natural gas keeps a key role in the energy transition to ensure firm power, in addition to pushing out coal in all sectors of final demand.
According to the sale agreement with Totalenergies, Tullow was to receive a further USD 75 million when a Final Investment Decision is taken on the development project.
Nampera Mbowa says Totalenergies and Uganda National Oil Company(UNOC) already took FID in December 2020 and that the two partners are waiting for CNOOC Board’s Corporate approvals for FID.
