Residents of Kyangwali sub-county in Hoima district are thrilled at what may be the single most important benefit they will ever get from oil: a new road that will link them to the Lake Albert shores in the oil-rich Buhuka parish, saving them from a torturous back-breaking escarpment. Read More
Total E&P Uganda in partnership with the French Government have given three Ugandans scholarships to study engineering and management in France starting this month. Read More
Total E&P Uganda has applied for a production license for the Jobi Rii discovery, its second application in eight months. Read More
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.