A consortium of a subsidiary of McDermott International and Sinopec International Petroleum Service Corp has received a conditional Letter of Award for the future contract valued at approx. $2 billion from Total for the Tilenga project, located in the Lake Albert Basin, Uganda. Tilenga includes six oil fields and will feature 426 oil wells at full production.
McDermott receives Conditional Letter of Award for EPCC Contract of Tilenga Project
Ugandan Onshore Oil Fields Expected to Generate 200K BPD, Bolster Economic Growth
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HOUSTON, June 9, 2021 /PRNewswire/ A consortium of a subsidiary of McDermott International, Ltd and Sinopec International Petroleum Service Corporation today announced it has received a conditional Letter of Award for the future contract valued at approximately $2 billion from Total for the Tilenga project. Formal contract award remains subject to Tilenga Partners approval. The Tilenga project is located in the Lake Albert Basin, Republic of Uganda and is the centerpiece of oil projects projected to bring investments of over $10 billion to Uganda and Tanzania. Tilenga includes six oil fields and will feature 426 oil wells at full production.