Page 7 - AfrOil Week 27 2022

AfrOil PIPELINES & TRANSPORT AfrOil

EACOP will be 1,443 km long (Image: African Energy Chamber)
“The pipeline construction touches on so many will fill the EACOP link in 2025.
things, which we all must carefully look at,” he The EACOP project will be carried out by
said. The project will involve “[issues] of distur- the French major TotalEnergies, China National
bance, environment, land, compensation and so Offshore Oil Corp. (CNOOC), Uganda National
on, so we must carefully look at each to ensure Oil Co. (UNOC) and Tanzania Petroleum
it is in compliance with the laws,” he was quoted Development Corp. (TPDC). The partners will
as saying. build a 1,443-km, 24-inch (610-mm) pipeline
Phillips did not say when the review might be from Hoima in Uganda’s western Kabale district
completed, explaining that the timeline for the to the Chongoleani peninsula near the port of
process would need to be drawn up in consulta- Tanga in Tanzania.
tion with the government agencies involved. The The link will have a throughput capacity of
Monitor noted, however, that Uganda expects to 216,000 barrels per day (bpd) and may cost up
start commercial production at the oilfields that to $5bn to build. ™

INVESTMENT
NUPRC head urges Nigerian companies to

see IOCs’ divestments as an opportunity

NIGERIA GBENGA Komolafe, the head of the Nigerian
Upstream Petroleum Regulatory Commission
(NUPRC), has urged the country’s largest inde-
pendent oil companies to take advantage of new
opportunities that were emerging because of
foreign investors’ decisions to divest Nigerian
assets.
Speaking at an event hosted by the Inde-
pendent Petroleum Producers Group (IPPG) in
Abuja, Komolafe acknowledged that the depar-
ture of international oil companies (IOCs) did
pose a number of serious challenges to Nigeria’s NUPRC head Gbenga Komolafe (Photo: NUPRC)
hydrocarbon sector.
“As a regulator, the commission is not obliv- commented, according to a report from Punch.
ious of the threat posed to the development He stated, though, that there were serious
of the Nigerian hydrocarbon industry by the business considerations that were driving for-
divestment of the IOCs,” the NUPRC head eign majors to make these decisions.

Week 27 06•July•2022 www. NEWSBASE .com P7