CNOOC Finally Grants FID to Uganda’s Oil Development

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CNOOC Finally Grants FID to Uganda’s Oil Development Top story

3 Nov 2021, 17:51 Comments 1640 Views Politics Business and finance Parliament Updates

The President of CNOOC Uganda Ltd Chen Zhuobiao and The ED of PAU, Ernest Rubondo. Chen Zhuobiao confirmed that an FID had been taken by CNOOC

In short
The FID gives a green light to the proposed construction of a $3.5 billion East African Crude oil pipeline (EACOP) and other infrastructure in the Lake Albert Region.

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