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Exploration Area, Block

An area of land that an oil company is licensed to explore.  In 2001 the government of Uganda divided the Albertine Graben into five Exploration Areas (EAs).  Since then, some of these EAs have been sub-divided into smaller areas.  This is a normal pattern in exploration and extraction: once the existence of the resource is proven, the trend is towards licensing smaller and more focused areas.

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  • Escrow account
  • Exploration Area, Block