Sections of Uganda’s new Petroleum Act which are meant to maximise oil-related opportunities for Ugandan businesses are hard to interpret and may be impossible to implement in practice, according to business analysts consulted by Oil in Uganda.read more
Tanzania's cabinet announced early this week that it had approved its natural gas policy, as
Over fifty firms have expressed interest in building and operating Uganda’s first oil
Three hundred and seven years after Scotland merged with the English crown to form the United
ALUI SUB-COUNTY, NEBBI DISTRICT: A family whose houses developed cracks in the walls after
If a licensed exploration company strikes oil or gas, it may sell a share in its rights over the discovery to other companies. This is called a “farm-down” and is a common practice among small exploration companies, as it enables them to share with others the investment costs and technological challenge of getting the oil out of the ground and on to world markets. A “farm-in” is a similar arrangement made by an exploration company before it strikes oil: the company may sell a share in its exploration rights, typically in order to raise capital or attract necessary expertise for completing exploration. Similarly, a “carve out” is where a company divides an area over which it holds a concession and sells rights over part of that concession to another company.