TotalEnergies
TotalEnergies is a broad energy company that produces and markets fuels, natural gas, and electricity. Its 100,000 employees are committed to better energy that is more affordable, more reliable, cleaner, and accessible to as many people as possible. Active in more than 130 countries, our ambition is to become the responsible energy major. Created in 1924 to enable France to play a key role in the great oil and gas adventure, TotalEnergies has always been driven by an authentic pioneering spirit. TotalEnergies is EACOPs largest shareholder with 62% of the Company’s shares.
The Uganda National Oil Company (UNOC)
The Uganda National Oil Company (UNOC), also known as the National Oil Company of Uganda, is a limited liability petroleum company in Uganda, owned by the Ugandan government, established under the 2013 Petroleum Exploration, Development and Production Act of Uganda, which provides for the establishment of the national oil company.
The government of Uganda (GOU)’s goal as set out in the country’s energy policy (2002) and National Oil and Gas policy (2008) is to ensure the sustainable utilization of discovered petroleum resources to contribute to early achievement of poverty eradication and create lasting value to society. One of the key objectives of the Uganda National Oil Company is therefore to ensure an adequate, reliable, and affordable supply of quality petroleum products in the country. The petroleum deposits discovered so far are estimated at 6.5 billion barrels, of which 1.4 billion barrels are considered recoverable. Uganda National Oil Company is EACOPs second largest shareholder, along with Tanzania Petroleum Development Corporation, with 15% of the Company’s shares each.
Tanzania Petroleum Development Corporation (TPDC)
Tanzania Petroleum Development Corporation (TPDC) is the National Oil Company of Tanzania through which the Ministry of Energy and Minerals implements its petroleum exploration and development policies. TPDC has manpower strength of about 400 and is organized into seven directorates and three Units, namely: Directorate of Upstream, Directorate of Downstream, Directorate of Finance, Directorate of Legal Services, Directorate of Cooperate Strategy and Planning, Directorate of Corporate Management, Directorate of Internal Audit, Communication Unit, Procurement Unit and Risk Management Unit. TPDC was established through the Government Notice No.140 of 30th May 1969 under the Public Corporations Act No.17 of 1969. The Corporation began operations in 1973. TPDC is a wholly owned Government Parastatal, with all its shares held by the Treasurer Registrar. Tanzania Petroleum Development Corporation is EACOPs second largest shareholder, along with Uganda National Oil Company with 15% of the Company’s shares each.
CNOOC Limited
CNOOC Limited (the “Company”, together with its subsidiaries, or the “Group”), is the largest producer of offshore crude oil and natural gas in China and one of the largest independent oil and gas exploration and production companies in the world. The Group mainly engages in exploration, development, production and sale of oil and natural gas. The Group’s core operation areas are Bohai, Western South China Sea, Eastern South China Sea and East China Sea in offshore China.
Overseas, the Group has oil and gas assets in Asia, Africa, North America, South America, Oceania and Europe. CNOOC limited is listed on three stock exchanges, including New York, Toronto and Hong Kong. Standard & Poor’s has issued a credit rating of AA- for CNOOC limited, while Moody’s has issued a credit rating of Aa3. Both ratings are consistent with the rating agencies’ respective credit ratings for the People’s Republic of China. CNOOC holds 8% of EACOPs Company Shares.