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Total CEO: need to tame "Lake Albert Crocodiles" to move Uganda project in 2019

Reuters  |  PARIS 

PARIS (Reuters) - French oil and gas major Total's chief executive said on Thursday that the firm's Ugandan Lake Albert oil project will be a personal priority this year after setbacks led to a delay on a final investment decision (FID) in 2018.Patrick Pouyanne said during an earnings call that he remained optimistic about the project after several meetings with Uganda's President Yoweri Museveni and aimed to ready it for clearance.The project, which was expected to have been cleared last year, has been delayed due to disagreements over field development strategy, tax disputes and a lack of ...

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First Published: Thu, February 07 2019. 19:16 IST
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