Uganda takes over Ngassa oilfield from Tullow Oil

oilfield Cyclelicious flickrThe Ugandan government has taken over the Ngassa oilfield and it is likely to begin pumping oil by 2017

The onshore oilfield was previously owned by Tullow Oil.

The government website has stated that the Ngassa field, which extends beneath Lake Albert and was formerly part of Tullow Oil’s Block 2, has two wells that were drilled in 2007 and 2009. The wells showed oil and gas deposits, although the field needed to be appraised to determine its reserves.

According to Reuters, Uganda has plans to pump oil from the Albertine Rift Basin along its border with DR Congo. Government statistics stated that the East African country is sitting on nearly 3.5bn barrels of oil.

Government officials have said the country is targeting peak production of about 200,000 bpd with exports of around 140,000 bpd, while the remainder will be processed domestically.

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