Corporate Strategy

Uganda FID Offers Rewards — and Risks — for Total

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  • TotalEnergies has sanctioned the long-awaited $10 billion Lake Albert oil project in Uganda, underpinning its desire to be a dominant energy player in sub-Saharan Africa.
  • The French major argues the project's per-boe costs and lower-carbon intensity make it a viable and competitive development, despite intense scrutiny and opposition.
  • Project financing risks remain, however, while security risks loom as potential longer-term disruptors.

The Issue

Upstream Projects, Conventional Oil and Gas, Corporate Strategy , Equity and Debt Markets, Fiscal Terms, Majors
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