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“Tollow want to play a role in helping Uganda realise the value of its natural resources and become an industrialised middle-income country is what drives me.” Jimmy Mugerwa, General Manager, Tollow Oil Uganda

TULLOW OIL UGANDAJimmy Mugerwa, General Manager

Tullow and Total are expected to invest $8 billion to develop the oil fields, which will involve drilling more than 500 oil wells, Irene Muloni, Uganda’s energy and minerals minister, said Tuesday.

Irene Muloni, Ugand's Energy and Mineral MinisterMore than USD 8 billion investments "in the pipeline in Uganda"

“Time for waiting is now over” Ms. Muloni said, adding that “oil companies are expected to make final investment decisions on these projects within 18 months and first oil is expected by 2020.”

Irene Muloni, Uganda’s Energy and Minerals MinisterWall Street Journal Aug. 30, 2016

Total’s Ugandan unit, said that the company would dedicate financial and physical resources to fast track the development of the project.

“We are committed to ensure that first oil from this project is delivered as soon as possible,”

Adewale Feyami, general manager of Total’s Ugandan unitThe Wall Street Journal Aug. 30, 2016

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