By JULIUS BARIGABA More by this AuthorPresident Yoweri Museveni Tuesday commissioned Uganda’s first of four oil rigs to start drilling at the Kingfisher field on the shores of Lake Albert as the country eyes production in 2025. It is operated by China National Offshore Oil Corporation (CNOOC) and will start drilling 31 oil wells on four well pads. The French TotalEnergies’ operated Tilenga Project – which will produce 190,000 barrels of oil per day – will account for 85 percent of the expected oil revenues. The project is expected to produce 40,000 barrels of oil per day in 2025, but CNOOC officials are optimistic they could deliver the first oil ahead of schedule. Uganda plans to export the oil and refine and support local petro-chemical based industrial projects.

Source: Daily Nation January 25, 2023 05:17 UTC