Final investment decision for Lake Albert Development Project

AdobeStock 96494625During a ceremony held in Kampala, the Lake Albert Development Project partners announced the final investment decision and the launch of the major project representing a total investment of approximately US$10bn

The Lake Albert development encompasses the Tilenga and Kingfisher upstream oil projects in Uganda and the construction of the East African Crude Oil Pipeline (EACOP) in Uganda and Tanzania. 

The Tilenga project, operated by TotalEnergies, and the Kingfisher project, operated by CNOOC, is expected to start producing in 2025 and to reach a cumulative plateau production of 230,000 barrels per day. The upstream partners include TotalEnergiesCNOOC and UNOC. Production from the oil fields in Uganda will be transported to the port of Tanga in Tanzania through the EACOP cross-border pipeline, whose shareholders are TotalEnergiesUNOCTPDC, and CNOOC.

The land acquisition programme is currently underway, incorporating areas of improvement identified by independent third-party reviews performed.

TotalEnergies is committed to implementing action plans that will have a net positive impact on biodiversity as part of the implementation of these projects. In close liaison with the authorities and stakeholders concerned with nature conservation in Uganda and Tanzania, these action plans will be implemented in collaboration with neighboring communities and under the supervision of an independent institution.

"The development of Lake Albert resources is a major project for Uganda and Tanzania, and our ambition is to make it an exemplary project in terms of shared prosperity and sustainable development. We are fully aware of the important social and environmental challenges it represents. We will pay particular attention to use local skills, to develop them through training programs, to boost the local industrial sector in order to maximise the positive local return of this project," said Patrick Pouyann√©, chairman and CEO of TotalEnergies.

TotalEnergies and the Ugandan Ministry of Energy and Minerals also signed today a Memorandum of Understanding (MoU) for the development of renewable energy with the objectives of developing 1GW of installed capacity, promoting access to electricity and clean energy, supporting national climate change objectives through the deployment of carbon footprint reduction projects. 

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