Egbert Faibile Jnr, the Chief Executive Officer at Petroleum Commission of Ghana says Uganda needs to ensure that petroleum revenues are not burdened by costs incurred by oi companies
It means that the shareholders including the Uganda National Oil Company (UNOC) will have to ask for more money from the treasury to meet its obligations.
TotalEnergies will also concentrate efforts to develop its portfolio of high-return oil projects (Brazil, Gulf of Mexico, Iraq, Uganda) recently enriched with exploration successes in Suriname and Namibia.
Cyril Champigny, TotalEnergies E&P Uganda Health, Safety, and Environment (HSE) Director told Uganda Radio Network in an interview Tuesday that the milestone is a great achievement for the project and the oil and gas industry in the country.
Reports from environmental activists and denials from the government and Oil companies puzzle Ugandans and the international community on who to believe.
Commencement of drilling of the wells is part of the 43-month journey by the joint venture partners as they pledged to invest about 10 billion dollars in the Albertine.
According to sources within the Authority, the purpose of Rubondo's visit to the Tilenga project is to assess their readiness as TotalEnergies plans to commence drilling operations at the Jobi-Rii field.