Uganda’s Licensing Round Applicants Represent Right Blend of Oil Companies.
I wish to respond to an article titled “Uganda fails to lure majors into oil industry” written by Edward Sekika which appeared in the Observer of Monday 6th July 2015.
It is important to acknowledge that Uganda’s first competitive licensing round has attracted the right blend of companies required for exploration, development and production of any additional oil and gas resources in the country.
Petroleum exploration and production companies can be grouped into small, medium, large and major companies using the following market capitalization thresholds:-
- small if the market cap is less than $5billion;
- medium if the market cap…
Uganda’s Oil Projects Still Attractive for Investment Amidst Falling Oil Prices
I am prompted to offer an opinion on issues raised in the article “Experts call for caution on oil investments” written by David Mugabe which appeared in the New Vision. The caution revolved around the falling oil prices and therefore the ability to raise financing for Uganda’s oil projects. It is important that Ugandans are informed and better appreciate the investment climate in Uganda’s oil and gas sector.
The major financing needs in Uganda’s oil and gas sector currently include; i) the development of the 17 oil fields estimated at $10billion, this is a responsibility of the licensees to raise,…
Closure of the Application for Qualification of the Licensing Round for Petroleum Exploration, Development and Production Blocks in Uganda
KAMPALA 1ST JULY, 2015:
Following the publication of Notice of Request for Qualification (RfQ) for Uganda's Licensing Round for Petroleum Exploration, Development and Production on 25th February 2015 in which six blocks within the Albertine Grabenwere presented, the Ministry has received a significant number of Application for Qualification (AfQ) from companies across the Globe.
The Process of receiving the Request for Qualification ended yesterday 30th June, 2015 at 17.00 hours East African Standard Time with the Ministry registering Seventeen valid applicants out of the Nineteen applicants that had registered and received the Request for Qualification.
The Albertine Grabenis…
Road Show for Uganda’s First Licensing Round for Petroleum Exploration, Development and Production
The Government of Uganda through the Ministry of Energy and Mineral Development has opened up six blocks in the Albertine Graben for licensing in the first competitive bidding round. Following the issuance of a Request for Qualification (RFQ) inviting interested firms and/or consortia to submit Statements of Qualifications, the Ministry continues to encourage more firms to participate in the upcoming licensing round.
Hon. Eng. Irene Muloni, the Minister for Energy and Mineral Development is pleased to invite your company to attend a licensing round roadshow which will be held at the Montcalm Shoreditch London Tech City Hotel on 17th June…
Extension of Deadline for Submission of Applications for Qualification for Uganda's First Petroleum Licensing Round
Addendum No.1 to Notice of Request for Qualification for the First Licensing Round for Petroleum Exploration, Development and Production in Uganda
All interested parties are hereby informed that the closing date for receipt of applications for qualification has been extended from 29th May to 30th June 2015. The extension has been granted in order to allow interested applicants more time to prepare their applications. Other details remain unchanged.
The planned schedule of activities has therefore been adjusted accordingly as follows:
a. Publication of Notice of Request for Qualification: 25th February, 2015
b. Closing date for receipt of Applications…
Promotional Events for Uganda’s First Licensing Round for Petroleum Exploration, 2015
The Ministry of Energy and Mineral Development is pleased to inform all potential investors that presentations and an exhibition on Uganda’s first licensing round for petroleum exploration will be made at the following International events;
1.The 12th Africa Independents Forum 2015; 26th to 27th May, 2015; Adelphi Suites, The Waldorf Hilton, London United Kingdom
2. American Association of Petroleum Geologists (AAPG) Annual Convention and Exhibition, 2015; 31st May to 3rd June, 2015, International Convention Center, Denver, Colorado, USA.
The Ministry invites all interested firms to visit our exhibition booth during these events to get more information…
Government issues bid Notice for the Sale of Accumulated Test Crude
23rd March 2015: Government has re-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 oil…
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.…
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…