TotalEnergies hands out almost $600 million in Uganda contracts

Uganda

KAMPALA, June 15, 2021 – TotalEnergies, through local subsidiary Total E&P Uganda, has awarded five drilling packages reportedly worth almost $600 million for its Tilenga oil project in Uganda, in a key step forward for the country’s nascent oil and gas sector.

The news was announced by Total E&P Uganda on Monday and contract values appeared in a Tuesday report by Upstream Online.

Oilfield technologies giant Schlumberger won three well engineering packages, which Upstream reported to be worth almost USD 350 million. The packages cover wellheads and Christmas trees, upper completions,  artificial lift, directional drilling, well logging, MWD and other services.

Sinopec subsidiary ZPEB Uganda Co. has won a contract reportedly valued at USD 210 million for the provision of onshore drilling rigs and tubular running and fishing services.

A third player, France’s Vallourec Oil & Gas, was awarded a contract for casing, tubing and other services valued at around USD 120 million, according to Upstream.

Read our latest insights on:

• Uganda

Previous

Talks to add Iranian supply continue

Next

Brent records fifth consecutive gain