Could East Africa Become The Next Major Oil Hotspot?

The last 18 months have seen very few large-scale oil projects moving from a prospect status into an entire region’s next best thing. The Lake Albert project in Uganda is a rare exception for a year that has seen more oil-doomsaying than new FIDs, however judging by the steady stream of news coming in from the project operator, the French TotalEnergies (formerly known as Total), it is indeed happening. Uganda’s first crude project intended and designed to be marketed globally, in fact, its first hydrocarbon project ever, Lake Albert…