Uganda launches first oil exploration licensing round

Uganda announces oil exploration licensing roundUganda’s energy development minister said that Albertine Graben has 6.5bn barrels confirmed petroleum resources. (Image source: Stefan Gara/Flickr)The government of Uganda has announced the first competitive licensing round for oil exploration for six blocks in the proven prospective sedimentary basin of Albertine Graben

The Uganda Bid Round 2015 will be promoted at the 12th Africa Independents Forum 2015 in London on 26-27 May.

The event will take place at the Waldorf Hilton Hotel and host players from across Africa, including key financial markets, equity financiers and investors from around Africa, Europe, and beyond.

Keynote speakers at the event include Ian Cloke, V-P, Exploration, Tullow Oil; Duncan Clarke, president, African Institute of Petroleum; James Phillips, CEO, Africa Energy Corp; Mike Fischer, president, Africa, Ophir Energy; Steve Lowden, CEO, New Age (New African Global Energy); Tony Atherton, managing director, Mergers, Acquisitions and Disposals Oil & Gas, EAME, SocieteGenerale; Wade Cherwayko, CEO, Regalis Petroleum; Cathal Friel, chairman, Fastnet Oil & Gas; Robert Sheppard, CEO, Soma Oil & Gas; Paul Dailly, senior vice-president, exploration, Kosmos Energy; Lina Haidar, CEO, Cap Energy; Nishant Dighe, CEO, Panoro Energy; Kevin Hart, chief executive, Bowleven, and; Ahmed Salem OulTekrour, Director General of Hydrocarbons, Ministere du Petrole, de L’Energie et des Mines, Mauritania.

The 69th PetroAfricanus Reception will be held along with the 8th African National Oil Companies Strategy Briefing on 26 May 2015, hosted by Global Pacific & Partners.

Uganda’s energy and mineral development minister Irene Muloni said, “We have an estimated 6.5bn barrels in-place petroleum resources from exploration work in less than 40 per cent in the Albertine Graben.

“However, less than 10 per cent of the Albertine Graben is currently licensed and the six blocks targeted for this maiden licensing round have good data coverage.”

The six blocks involved in the bid are Ngassa (410 sq km) in Hoima District, Taitai and Karuka (565 sq km) in Buliisa District, Ngaji (895 sq km), Rukungiri and Kanungu Districts, Mvule (344 sq km) in Moyo and Yumbe Districts together with Turaco (425 sq km) and Kanywantaba (344 sq km) in Ntoroko District.

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