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Proscovia Nabbanja 2

Government Officials Divided Over Tullow’s Farm-Down

Ministry of Energy argues that the farm-down creates monopoly in the Albertine Graben Officials in the Ministry of Energy and Mineral Development (MEMD) and Uganda National Oil Company (UNOC) are in contention on whether Tullow Oil Plc’s farm-down to Total E&P Uganda should be approved,

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President Yoweri Kaguta Museveni at the launch of African Gold Refinery Limited in Entebbe on Monday

Museveni Commissions East Africa’s First Gold Refinery

President Yoweri Museveni on Monday commissioned African Gold Refinery Limited; the first State of the Art refinery in Uganda and East Africa region. The facility, located in Entebbe, Wakiso District is 45 kilometres from Kampala and estimated to be worth $20m (about 72 billion Shillings)

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Part of Agricultural Land filled with rocks. Photo from Healthy Land

Family Sues Government for Unlawful Use of Rock

  Is a rock found in your land a mineral and therefore vested in the State? A family in Oyam District has sued the Government of Uganda and Sino Hydro Corporation Ltd for unlawfully crushing ‘its’ rock into aggregate and using it to construct Karuma hydro-electric power  dam

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Minister for Energy Eng Irene Muloni addresses officials from the three international companies that are going to undertake the FEED study

Joint Venture Partners Launch FEED Studies For Nwoya, Buliisa Oil Fields

The three joint venture partners operating in the Albertine Graben have launched the Front End Engineering Design (FEED) studies for Nwoya and Buliisa oil fields in a bid to fast track oil production by 2020. Total E&P Uganda , Tullow oil and China National Offshore Oil Corporation (CNOOC) signed

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Works at Kilembe mines in Kasese district resumed 3 years ago after Tibet Hima Industry Mining Company was awarded the concession. Photo from C4MRE

Government Warns Tibet Hima Company Over Safety Concerns

The Internal Mines report reveals that the company has so far invested only $ 51 million in revamping the mine but there are no mechanisms of tracking the ‘actual’ investment in the mine Technocrats in the Directorate of Geological Survey and Mines (DGSM) under the Ministry of Energy

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Did you Know?

Farm-down, Farm-in, Carve-out

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.

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