Uganda aims to sign deals by the year-end with the four oil exploration companies it had invited for talks in its first licensing round, a senior energy ministry official said on Wednesday. Those selected to negotiate production sharing agreements (PSAs) were Nigeria’s WalterSmithPetroman Oil Ltd, Oranto Petroleum International and Niger Delta Petroleum Resources, and Australia’s
Uganda government is considering a fresh licensing round for three oil blocks in the Albertine Graben that were not taken up during the first licencing round, Daily Monitor newspaper has reported. One of the blocks measuring about 344 Km2 Mvule block, according to the ministry’s spokesperson Ibrahim Kasita, received only one bid from US-based Glint
Data obtained from the United States, US, Energy Information Administration, EIA, has put the continued decline of employment in the oil and natural gas production across the world at 26 percent between 2014 and 2016. The report, which captured between October 2014 and May 2016, stated that employment in oil and gas production reached a
Angola’s state-run oil giant Sonangol, recently taken over by the president’s daughter, has announced a gas discovery in the offshore Kwanza Basin that could hold 813 million barrels of oil equivalent, news agencies report. The discovery is in Block 20/11 and BP Plc holds an interest in this block along with the Angolan state company.
Uganda has received seven bids for six oil exploration blocks offered in a licensing round and it plans to chose the winners and sign deals by the end of June, the Ministry of Energy and Mineral Development said . The firms that submitted bids are: Armour Energy Limited of Australia, WalterSmith Petroman Oil Limited of
By Adellah Agaba Oil production is set to begin in 2017 and this has generated anxiety and expectations which are already a threat to peace in the country, not only to humankind but to the environment, economy and ecology. The discovery of oil and gas in any country worldwide causes impeccable excitement because it is
The Government of Uganda through the Ministry of Energy and Mineral Development issued the bidding document to the 16 Qualified Applicants for the licencing round of six blocks. The bidding and competitive process will close on 15th January 2016 with submission of bids. The bidding document comprise of Request for Proposal, Model Production Sharing Agreement
Uganda Ministry of Energy and Mineral development concluded the evaluation process of the applicants of the first Licensing Round for Petroleum Exploration, Development and Production of six blocks in the oil rich Albertine graben. According to the permanent secretary ministry of Energy, Dr. Kabagambe Kalisa, Technical competence, Financial capability, Legal qualification and National content and
Uganda Ministry of Energy and Mineral Development on July 1, 2015 listed 19 companies that had expressed interest taking up licenses to explore for oil in the Albertine graben. However, analysts have asserted that the nation’s oil and gas sector has failed to attract leading multinationals in the oil and gas industry. According to the observer
Uganda Ministry of Energy and Mineral Development has registered 17 companies for the Licensing Round for Petroleum Exploration, Development and Production of six blocks in the oil rich Albertine Graben. According to the Uganda Directorate of Petroleum , the Process of receiving the Request for Qualification ended on June 30, 2015. The Ministry registered seventeen valid applicants out