Government Announces First Petroleum Exploration Licensing Round in Uganda
- 2,938 Km2 of high potential acreage offered for licensing
KAMPALA, Uganda, 24th February 2015 – The Government of Uganda (GoU) has today announced the country’s first open competitive licensing round for petroleum exploration. This licensing round will cover six blocks in the Albertine Graben which is a proven prospective sedimentary basin.
Eng. Irene Muloni, Minister of Energy and Mineral Development said, “We have an estimated 6.5 billion barrels of in place petroleum resources from exploration work in less than 40% in the Albertine Graben. However, less than 10% of the Albertine Graben is currently licensed and the six…
RT Global Resources emerges Selected Preferred Bidder in Uganda's Refinery Project
17th February 2015 - Government of Uganda (GOU) has selected the RT Global Resources - led consortium from the Federation of Russia as the Selected Preferred Bidder for Uganda’s Refinery Project, with SK Engineering and Construction led consortium from Republic of South Korea as the Alternate Preferred Bidder.
This follows submission of Final Offers from the two bidders during January 2015 which were evaluated by a team from the Government and Taylor Dejongh, Government’s Transaction Advisor.
Eng. Irene Muloni, Minister for Energy and Mineral Development said, “The process of selecting a lead investor Uganda’s refinery project has been highly competitive.…
Government issues bid Notice for the Sale of Accumulated Test Crude
10th February 2015: Government has issued a Bid Notice inviting interested firms to purchase the accumulated test crude oil produced during well testing operations in the Albertine Graben.
Approximately 40,000 barrels of test crude oil is stored in specialized containers called Butitainers at four locations in the Albertine Graben namely; Kasamene-1, Ngara-1 and Ngiri-2 well sites in Buliisa district and Tangi Camp in Nwoya district.
Mr. Ernest Rubondo, the Commissioner Petroleum Exploration and Production Department said, “Government wishes to sell the crude oil which was accumulated when carrying out testing of the different wells during appraisal of the respective…
Cabinet Approves First open Licensing Round for Petroleum Exploration in Uganda
6th February 2015 - 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; Turaco and Kanywataba blocks in Ntoroko District, Ngassa block in Hoima…
Government issues Request for Final Offer for Lead Investor for Uganda’s Refinery Project
KAMPALA, 10th December 2014 – Government of Uganda (GOU) issued a Request for Final Offer (RFFO) to the two preferred bidders for the lead investor for the 60,000 barrels per day (BPD) oil refinery and related downstream infrastructure. The RFFO was issued to SK Group led Consortium (South Korea) and the RT Global Resources (Russia) led consortium on 27th October 2014.
Mr. F.A. Kabagambe-Kaliisa, Permanent Secretary Ministry of Energy and Mineral Development said, “We held preliminary negotiations with SK Group led consortium and RT Global Resources led consortium between August and September 2014. The bidders were…
The 7th East African Petroleum Confrence and Exhibition, March 2015 - Second Circular
It is a great honour, on behalf of the East African Community (EAC) to extend to you an invitation to the 7th East African Petroleum Conference and Exhibition 2015 (EAPCE’15) which will be held at the Kigali Serena Hotel, Kigali, Rwanda, from 4th to 6th March 2015.
The East African Petroleum Conference and Exhibition is held every two years. EAPCE’15 will provide a unique forum for dialogue for all players in the Petroleum industry regionally and internationally. Technical papers, paper posters, e-posters and exhibitions aligned to the conference theme are lined up to produce stimulating interactions among conference delegates. Field…
Uganda’s petroleum resources increase to 6.5 billion barrels oil in place
KAMPALA – 28th August 2014: Uganda's Petroleum resources are now estimated to be 6.5billion barrels of oil initially in place. This is up from 3.5billion barrels that was estimated in August 2012.
500 billion cubic feet of non-associated gas (independent gas) is also now estimated to have been discovered in Uganda to date. This translates to about 90 million barrels of oil equivalent.This gas can be processed and utilized in several ways including generation of electricity;production of LiquefiedPetroleum Gas which is used for cooking or welding, supporting production of iron and steel and production of fertilizers.
The increase in the…
Uganda blessed with oil and minerals - Interview with Minister of Energy and Mineral Development
Revenues from Uganda’s budding oil and mining sectors will help to boost socioeconomic development. In this interview with United World, Eng. Irene Muloni, Minister of Energy and Mineral Development, discusses the development of these important industries and opportunities for foreign investors - See more on this link and below;
Uganda is blessed with substantial natural resources, including fertile soils, regular rainfall, deposits of copper, gold, and other minerals, and recently discovered oil. Kindly comment on how the country has prioritized the energy sector as an engine for the sustainable economic growth.
As a country, Uganda has prioritized the energy…