CNOOC receive Final Investment Decision appreciation award

One of Uganda Authority’s Uganda Investment Authority has awarded CNOOC Uganda limited the FID, “Final Investment Decision” gratitude award for the Lake Albert development project.

The company has been putting more effort so that they can develop the project, whereas the predrilling civil works at Kingfisher oilfield are in full swing.

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Last month, on February 1, CNOOC and Total Energies declared the FID of the Lake Albert development project at a function presided over by President Yoweri Museveni.

The Lake Albert development project contains the Kingfisher project, which is operated by the CNOOC and the Tilenga project, managed by Total Energies, both in a joint-venture partnership with Uganda National Oil Company.

Last Month on February 11, CNOOC Uganda Limited launched the groundbreaking ceremony of predrilling civil works, thus kicking off onsite construction after the announcement made by the FID.

Ruth Nankabirwa, the Minister of Energy and Mineral Development of Uganda, attended the ceremony.

According to Nankabirwa, “I comment CNOOC Uganda Limited for their efforts that they put in national content enhancement, which is a crucial part of Uganda’s social and economic development. We look forward to the first oil in early 2025.

A Ugandan company Excel Construction Limited was awarded the agreement of predrilling civil works.

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According to Mwine Jim kabeho, the director of Excel Construction Limited, “I would like to thank CNOOC Uganda Limited for trusting all my team in this crucial project.”

After 11 years serving in energy cooperation in Uganda, CNNOC has become one of the largest oil and gas companies in the Uganda energy sector, actively participating in the amazing transformation that is taking place in Uganda.

More than 150 companies take part in CNNOC’s enterprise development training program, which aims to raise the competencies of Ugandan companies and make them able to participate in the oil and gas sector opportunities.

CNOOC has adopted their best practices so that they can serve the industry with their best efforts and reduce potential social impacts in its operation in Uganda.

In 2019, more than 10,000 Ugandans attended the Kingfisher ESIA (Environmental and Social Impact Assessment) public hearing, and after thorough discussions, they decided to pass the ESIA.

The project of Kingfisher is located in Buhuka parish in Kikuube district.

In 2015, CNOOC created the first escarpment road in Buhuka.
Before, the Buhuka community moved long distances either by boats or walking uphill.

After Finishing the road construction, the community started using cars and motorbikes.

On February 28, 65 drilling conductors for the Kingfisher project were delivered to the location through the road.