Gulf Oil and Gas accountACCOUNT

Cabinet Approves Uganda 1st Open Licensing Round for Exploration

Source: www.gulfoilandgas.com 2/6/2015, Location: Africa

Cabinet has approved plans to open up six blocks in the Albertine Graben for licensing in the country’s first competitive bidding round.

In accordance with Section 52 of the Petroleum Exploration Development and Production Act 2013, State Minister for Energy, Eng. Simon D’ujanga, informed parliament this week that preparations for this bidding round commenced after the new law was put in place and were now culminating with the submission of a report on the plans to Parliament.

The six blocks are; Semiliki and Kanywataba blocks in Ntoroko District, Ngassa block in Hoima district, Taitai and Karuka block in Buliisa district, Mvule block in Yumbe and Moyo districts and Ngaji block in Kanungu and Rukungiri districts. The acreage up for licensing comprises of areas where previous exploration efforts have been undertaken.

Heritage Oil and Gas drilled two wells on the Turaco discovery located in the Semliki block. The Kanywataba prospect area reverted to government in 2012 after the area operator CNOOC drilled a dry well. Ngassa discovery was also reclaimed by government last year after Tullow’s exploration license expired having drilled two successful wells on the discovery. In the Mvule prospect Area, Neptune Petroleum’s license expired after drilling one dry well in 2012. Dominion Uganda Limited (DUL) did not encounter oil in the well drilled on   Ngagi prospect area in 2010.  All these areas have good coverage of seismic data acquired by previous licensees.

The Petroleum (Exploration, Development and Production) Act, 2013 provides for licensing of areas with the potential for petroleum production in the country to be undertaken through open, transparent and competitive bidding. Mozambique, Tanzania and Angola together with Norway, UK and India have also recently held licensing rounds.

Government plans to invite companies to participate in this licensing round during the first quarter of 2015.

For more information about related Opportunities and Key Players visit East Africa Projects

Exploration News in Uganda >>

Norway >>  3/19/2019 - The Norwegian Petroleum Directorate reports that, Aker BP, operator of production licence PL 869, has concluded the drilling of wildcat well 24/9-14 S...
Israel >>  3/14/2019 - Israel’s offshore oil and gas licensing auction will go ahead as planned in June regardless of the outcome of the country’s upcoming general elections...

Angola >>  3/13/2019 - Eni announces a major oil discovery in Block 15/06, in the Agogo exploration prospect, in Angola’s deep water. The new discovery is estimated to conta...
Ecuador >>  3/12/2019 - Gran Tierra Energy Inc. is pleased to announce that, based on preliminary results, the Company has made a new-country entry into Ecuador through the s...

Ecuador >>  3/12/2019 - Ecuador has received bids from six oil companies for seven little-explored oil blocs with potentially high reserves, but investment in the area may be...
Egypt >>  3/12/2019 - The Ministry of Petroleum and Mineral Resources of Egypt (M.O.P) invite international qualified and interested companies having the technical and fina...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Uganda Oil & Gas 1 >>  2 | 3 |

Oil & Gas Projects in Uganda >>

More News

Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.