It is done. TOTALEnergies has finally awarded the contract for the installation of the long, heated pipeline from Uganda to the Tanzanian coast.
The pipeline, named East Africa Community Pipeline (EACOP), has been the most targeted of all the several upstream and midstream projects that make up the Ugandan Lake Albert basinwide oil development, meant to unlock over 1Billion barrels of crude oil, stored in more than 15 fields in Uganda. It will ferry, at peak, up to 216,000 barrels per day of waxy crude from the Tilenga and Kingfisher clusters of fields in Uganda to Tanzania.
The EACOP has been singled out for several court cases by a wide range of activists; it has been cited as wrong by the European parliament and blacklisted by prominent banks who have declared they won’t finance it.
But TOTALEnergies has insisted it is one of the lowest carbon emitting projects in its portfolio. And what’s most crucial, the French major, with a healthy balance sheet, can fund the pipeline on its own.
