As a final investment decision (FID) has been taken on Lake Albert Resources Development Project, Uganda is expected to emerge in the top six oil producers in Africa, according to GlobalData
Rami Khrais, oil and gas analyst at GlobalData, said, “The FID for Lake Albert oil development is by far the second largest FID taken in the oil and gas industry in the last two years. Further, the project will be one of the largest oil developments seen in Africa over the last 20 years, expecting to recover over 1.5 billion barrels of oil.”
“If the production from Tilenga and Kingfisher is materialised according to the planned schedule, Uganda will be able to produce approximately 230,000 bpd by the end of the decade. Tilenga will contribute via a Lake Albert pipeline with a 213,000 bpd capacity from the north. Kingfisher is expected to add another 40,000 bpd from the south, before the heavy oil enters EACOP heated pipeline. Uganda’s production is currently zero, so production from these two fields alone will put the country among the top six crude producers in Africa," he added.
“If the project is successful, this cross-country collaboration can bring further infrastructure development and trading, such as the earlier envisaged Tanzania-Uganda trans-border gas pipeline, which had been stalled since 2016. This could potentially market Mozambique gas across Tanzania and Uganda for domestic use, seeing that Eni’s Coral South will finally come on stream later this year.”
