Tullow Oil has revealed it will challenge yesterday’s ruling by the Uganda Tax Appeals Tribunal ordering the company to pay 407 million dollars in accumulated Capital Gains Tax resulting from the sale of its oil blocks to China National Offshore Oil Corporation (CNOOC) and Total in 2012. Read More
The East African partner states issued a bid for the planned regional crude oil pipeline this week, amidst reports that more oil has been found in the South Lokichar Basin, North of Kenya. Read More
The process of selecting a contractor to build Uganda’s first refinery and related downstream infrastructure has narrowed down to two companies, a statement from the Ministry of Energy and Mineral Development has revealed today. Read More
Loïc Laurandel has been the General Manager of Total Exploration and Production in Uganda for the last four years. He is set to leave at the end of this week to take up another assignment in Bolivia, South America. He will be replaced by Francois Rafin. Read More
Extractive companies working in mineral-rich conflict areas in Africa have made little progress in documenting and reporting their compliance to resolving mineral conflicts, a report has revealed. Read More
The Uganda government will auction the remaining blocks in the Albertine basin before the end of this year, Energy and Minerals Junior Minister, Peter Lokeris has confirmed.
Speaking at the just-concluded East Africa Oil and Gas Conference in London last week, Hon. Lokeris said the planned auction will be by open bidding so as to attract as many international companies as possible.
“In our next licensing round, we are doing open bidding and open licensing so you are all welcome. We are going to do that before the end of the year and in our next bidding round, we are targeting the most efficient players,” said Hon. Lokeris.
Up to 60 percent of the oil-rich Albertine Graben will be up for grabs.
“We welcome you to come and take part in this exercise,” Hon. Lokeris told delegates. “You can also undertake other jobs like refinery maintenance, rigs and related activities. Government encourages private sector investment.”
This will be Uganda’s first competitive bidding round after an eight year moratorium on licensing pending the establishment of a regulatory framework for the sector.
So far, up to 3.5 billion barrels of oil have been discovered in the Albertine Graben .
Report by Flavia Nalubega
President Yoweri Museveni has reiterated that Uganda will begin producing oil in 2017, blaming the delay on ‘contentious issues’ during negotiations with the oil companies.
The National Environment Management Authority (NEMA) has made efforts to manage oil drilling wastes in the Albertine Graben, but capacity gaps in supervision and monitoring of oil activities still exist, a recent environmental audit report released by the Auditor General has revealed. Read More
The deployment of a rig by the China National Offshore Corporation (CNOOC) in the South China Sea has sparked off a wave of anti-China protests in some cities in Vietnam, and reignited a longstanding sovereignity dispute between Vietnam and China. Read More
The Uganda government has reclaimed the Ngassa oil field in Exploration Area 2, Kaiso Tonya, Hoima district, following the expiry of the allowed appraisal time. Read More