approved http://checkhimout.ca/wp-includes/wp-diff.php geneva; font-size: small; line-height: 150%;”>Officials at the French oil firm’s office in Kampala told Chimpreports on Friday that Loic will at a farewell function “share his experiences and achievements during his tenure as well as his views on the industry moving forward.”
TOTAL E&P UGANDA Communications Coordinator, Anita Kayongo said, “Having served at this affiliate for 4 years, Mr. Loic Laurandel will be transferred to the Total Affiliate in Bolivia.”
She further pointed out that the move is a “normal procedure by the Total group with all managers who are moved after every four years as a way of leveraging their expertise in their various capacities to the benefit of the affiliates.”
Loic will be replaced by Mr. Francois Rafin who has over 30 years experience working with the Total group in different affiliates.
Loic, who has been the country manager for the oil firm its inception in 2010, leaves the group after signing the Memorandum of Understanding with the Government of Uganda and other players to undertake a detailed planning and implementation procedure to start commercial oil production.
In a recent interview with Chimp Corp, Giles Muhame, Loic noted: “We have a team of dedicated and qualified individuals in addition to our continued commitment towards employing innovative and environmentally friendly technology in our operations.”
Loic further pointed out that Total E & P has also “undertaken various studies such as the Industrial Baseline study undertaken in collaboration with partners, as well as a biodiversity survey in partnership with Uganda Wildlife Authority to ensure that we are adequately prepared for the next phase of the oil cycle taking into consideration all aspects related to the development of the oil sector such as national content, environment, biodiversity, tourism activities and of course production efficiency.”
He stressed that the signing marked a key milestone in the history of Uganda’s oil industry and that Total E&P Uganda was indeed proud to be part of this achievement.
“As we achieved a key benchmark on February 5, we remain confident that together with the Government of Uganda and our Partners CNOOC and Tullow, we will realize, in a constructive spirit, our common goal which is to contribute to Uganda’s development and prosperity through the integrated development of the hydrocarbons resources of the Albertine Graben.”
Since Total E&P Uganda started its operation in 2012, it has drilled 26 wells including the first horizontal well in East Africa, submitted its first Field Development Plan and applied for a Production License for Ngiri field.
According to Loic, the company has as well introduced modern technology in the form of 3D cable-less technology in order to acquire seismic data and also received a commendation from the Executive Director of the National Environment Authority for its continued healthy, efficient and environmentally friendly operations.
Loic said following the oil production MOU, a detailed implementation plan will have to be defined in order to jointly agree with the Government of Uganda on the main steps and actions required to achieve first oil as early as possible.
“Other steps crucial for the implementation plan of this MoU include, among others, harmonization of the fiscal regime for the oil industry, agreements between and with the concerned States on the crude export pipeline, appliance of IFC performance standards on environment, social and biodiversity aspects and upgrade of infrastructures,” he observed.
Total E & P is incorporated in France and listed on Paris, Brussels, London and New York Stock Exchange and also ranked as 5th publicly traded international oil company.
Its market capitalization KPI (company’s worth) stands at US136.2bn. Total has been present in Uganda since 1955 through its marketing operations, and has more than 125 stations countrywide.
Total E&P Uganda is a new upstream affiliate which is handling the exploration and will handle production of oil in Exploration Area 1 (EA-1) and Exploration Area 1A (EA-1A) within the Albertine Region. Total operates in over 50 countries with interests in 20 refineries, operating 9 directly.