In February 2012, Total announced the acquisition of a one-third interest in four Ugandan licenses held by an affiliate of Tullow Oil plc. We operate the EA-1 and EA-1A licenses.
With our partners, we estimate that Uganda’s oil and gas resources exceed 1 billion barrels of oil equivalent. We expect that plateau production from our four licenses will average 200,000 to 230,000 barrels per day.
A project to develop these resources is under study. It would include a pipeline to export the oil to the Indian Ocean. The crude would have to be heated to be transported.
Some of the resources in the Total-operated licenses are located in Murchison Falls National Park. The project will include measures to mitigate its environmental impact and protect biodiversity.
The government will deploy a refinery project in two phases — 30,000 barrels per day initially, followed by an additional 30,000 barrels per day — to meet domestic demand.
Total has been active in retailing in Uganda since 1955 and has a market share of around 24%.