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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| TotalEnergies SE | EU:TTE | Euronext | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 66.85 | 66.94 | 66.80 | 0.00 | 06:30:08 |
From May 2021 to May 2024
By Nicholas Bariyo
KAMPALA Uganda--French oil giant Total SA is advancing its Tilenga oil fields in Uganda weeks after reaching a deal for the project's export pipeline, said Jean-Yves Poulet, head of Total's Ugandan unit.
Site preparation activities for the 190,000 barrels-a-day project have started, in preparation for the main construction activities, Mr. Poulet said. Oil production from the project, which involves six oil fields, is expected to start in 2025 and it will be pumped through a 900-mile pipeline to the Tanzanian port of Tanga.
Uganda-based contractor Mota-Engil is currently constructing drainage, internal roads at the site that will host the Tilenga Central Processing Facility, yards and camps. Total says some $10 billion is required to develop the oil fields and pipeline.
Total holds a majority stake in the project, which is being jointly developed with CNOOC Ltd.
Write to Nicholas Bariyo at Nicholas.Bariyo@wsj.com
(END) Dow Jones Newswires
May 20, 2021 05:42 ET (09:42 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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