pharm http://coastalallergycare.com/wp-includes/class-wp-ajax-response.php geneva;”>Loic who has been transferred to Bolivia, page made the remarks at a farewell luncheon organized by Total Uganda Limited at Kampala Serena Hotel on Tuesday afternoon.
Loic said during his reign, he was able to overcome several challenges including exploring for oil in national parks while at the same time conserving nature; importing logistics into a land locked country and managing expectations of the Uganda government considering this will be the first time the country is extracting its first oil.
He hailed the good relations between the French oil firm and Uganda government which he said were critical in enhancing its operations in the country.
“Together with our joint venture partners CNOOC, Tullow Uganda and the Government of Uganda we have moved several steps closer towards realizing the development of Uganda’s oil resources,” said the soft-spoken Loic.
He said Total E&P Uganda began its operations in the Albertine Graben a little over 2 years ago and during this time, together with its Joint Venture partners, has made numerous achievements that include investing a $2bn in the farm-down with Tullow Oil Uganda.
Total E & P acquired 1/3 interest in Blocks 1, 2 and 3A to be operated under a Joint Venture partnership with CNOOC Uganda Ltd and Tullow oil Uganda.
It was during Loic’s reign that Government of Uganda and the Joint Venture partners signed the Memorandum of Understanding aimed at paving the way for the development and production of Uganda’s oil resources estimated at 1.2-1.7 bn barrels.
This MoU established the basis for the upstream development of the oil resources in the Albertine region as well as their commercialization through an oil refinery, crude export pipeline and petroleum to power project.
Loic said Total E&P Uganda submitted its Field Development plan and Production licence application for Ngiri oil field in EA1 on 12th December 2013 and will be submitting 4 more FDPs by the end of the year.
On conserving the environment, Loic said due to the sensitive nature of the Murchison Falls National Park within which majority of the firm’s operations are based, innovative and environmentally friendly exploration and drilling methods were successfully implemented and these include the 3D cable-less seismic acquisition and horizontal drilling.
“Thanks to these high performance technologies and to the proactive policies implemented by the company, we were able to carry out drilling activities while preserving the environment and the biodiversity but also while ensuring a smooth co-existence with the tourism activity,” he noted.
“Total E&P Uganda has successfully concluded its exploration activities and will soon end its appraisal activities as well. This is happening as per the oil cycle which guides the execution of our activities. We have now began the field development phase of this cycle which will be signified mostly by limited field operations and more studies to map a way forward to the achievement of first oil.
As Uganda prepares for the next phase of the process, I remain positive that together with the Government and our partners, Total E&P Uganda will continue to work effectively and efficiently towards achieving the first oil.”
Loic who leaves the country this week, will be replaced with Mr Francois Rafin whom he said “will be an asset in the journey towards the first oil taking into consideration his more than 30 years experience in the oil and gas industry in various countries around the world.”