Hga Agreement

“We have taken important steps that pave the way for the final decision to invest in the coming months,” said Pierre Jessua, Managing Director of Total E-P Uganda. “We look forward to reaching a similar agreement with the Tanzanian government and closing the tendering process for all major engineering, procurement and construction markets.” Total stated that it had reached an agreement with Uganda to protect its rights and obligations in the construction and operation of the pipeline, known as the host government agreement. KAMPALA, Sept 11 (Reuters) – Uganda and France Total have reached an agreement that will bring the oil company and its partners closer to the construction of a crude oil pipeline in neighboring Tanzania, as the company`s local unit announced on Friday. “We look forward to concluding a similar HGA (Host Government Agreement) with the Tanzanian government and concluding the tendering process for all major engineering, procurement and construction contracts. This is the moment when the Uganda Chamber of Mines and Petroleum launched a campaign called “90 Days of Oil and Mining” to inform Ugandans about the oil and mining sectors so that they are ready to seize the opportunities that the sector has brought and will be offered to it. Sign up for www.breakingviews.com/trial for a free trial version of our full service and follow us on Twitter @Breakingviews and www.breakingviews.com. All opinions expressed are those of the authors. AOP > Explore > Total Signs Host Government Agreement with Uganda for Pipeline Project Total stated that a meeting between President Yoweri Museveni and its Ceo Patrick Pouyanné also agreed to the conditions allowing the Uganda National Oil Company to participate in the project. “Today, we have reached important milestones that pave the way for the final decision to invest in the coming months,” Pierre Jessua, Managing Director of Total E-P Uganda, said in a statement. Uganda discovered crude oil reserves about 14 years ago, but commercial production was delayed in part due to the lack of infrastructure, such as the . B of an export pipeline.

HGA will also regulate the construction and operation of the Hoima crude oil pipeline in Uganda to Tanzania, which will benefit both Uganda and Tanzania by transporting crude oil to the international market. In 2006, Uganda discovered an estimated 6 billion barrels of crude oil reserves in the Albertine trench basin near the border with the Democratic Republic of Congo. (Report by Elias Biryabarema; Letter from George Obulutsa; Writing: Andrew Cawthorne) The 1.445 KM pipeline will carry crude oil from Uganda`s oil fields to the port of Tanga in the Indian Ocean. The 1,445-km-long East African crude oil pipeline, which cost $3.5 billion, would cross neighbouring Tanzania to the Tanga port in the Indian Ocean. Presidents Magufuli and Museveni signed the Agreement on the Host Government (HGA in Chato, Tanzania) for the construction of the crude oil pipeline project. French oil and gas exploration company Total E-P has signed an agreement with the Ugandan government on the host administration (HGA) for the development of the East Africa Crude Oil Pipeline (EACOP) project. HGA will regulate the export pipeline in Uganda and cost about $3.5 billion. Work is expected to begin early next year.

Tullow said this week that he was confident he could close the sale in the fourth quarter of this year. Jessua ensured that conditions were set for land-acquisition-oriented project activities. Total E-P intends to conduct a constructive dialogue with the communities and NGOs involved in all project activities.