Uganda Registers 17 Companies for Oil Exploration Licences

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Dr Kabagambe-Kaliisa, the Permanent Secretary in the Ministry of Energy and Mineral Development said that the registration of Seventeen valid applications presents a significant milestone given the several challenges the entire oil and gas industry is going through.

The Ministry of Energy has registered 17 applicants to bid for oil exploration licenses to undertake Petroleum Exploration, Development and Production activities in six blocks within the Albertine Graben.

The six blocks include Turaco and Kanywataba Block in Semliki area, Ntoroko district , Ngassa Block in Hoima District, Taitai and Karuka Block in Buliisa District, Ngaji Block in Rukungiri and Kanungu Districts, and the Mvule Block in Moyo and Yumbe districts.

The Process of receiving the Request for Qualification ended yesterday, 30th June after a five month application window. 

The ministry of energy said in a statement issued this afternoon that seventeen out of the nineteen applicants had registered and received the Request for Qualification.

Dr Kabagambe-Kaliisa, the Permanent Secretary in the Ministry of Energy and Mineral Development said that the registration of Seventeen valid applications presents a significant milestone given the several challenges the entire oil and gas industry is going through.

He further explained that Government will undertake the evaluation of the Application for Qualification between 1st July and 30th July 2015. The qualified applicants will be displayed on10th August 2015. Government will issue a request for Proposal/bidding and the modal Production Sharing Agreement documents to qualified applicants on 20th August, 2015.

The companies that will submit the best evaluated bids will proceed to negotiate with government before signing Production Sharing Agreements with them.

"Government has planned to award new Petroleum Exploration, Development and Production licenses before the end of this year if all goes according to the planned licensing roadmap," explained Dr. Kabagambe - Kaliisa.

The Albertine Graben is Uganda's most investigated, de-risked and prospective sedimentary basin with surface coverage in Uganda of approximately 23,000 Square kilometers. 

Following the conclusion of appraisal of most of the discoveries, the resources in the country are now estimated to be 6.5 billion barrels of oil in place and 500 standard billion cubic feet of gas in less than 20% of the Graben.

Kabagambe says the six blocks on offer present great opportunity to discover additional resources that will enhance the country's sustainability of oil and gas production and commercialization.

The companies include Rift Energy Corp from United States of America (USA), Mubadala Petroleum of United Arab Emirates (UAE), Sasol Exploration and Production International of South Africa, Oil and Natural Gas Corporation Videsh Limited (ONGC) of India and Petoil Limited from Turkey.

From Nigeria, four companies; Atlas Petroleum International Limited,  Oranto Petroleum International Limited,  Waltersmith Petroman and  Niger delta Petroleum Resources submitted requests. 

The others are Africa Global Resources (Telconet Capital Ltd Partnership-Tatneft-Rostec) JV from Russia, Petrica Energy As from Norway, PTT Exploration and Production PCL from Thailand, Glint Energy LLC of United States of America (USA), Rapid Africa Energy (Pty) Ltd of South Africa, Dragon Oil International Ltd of UAE, Brighton Petroleum Uganda Ltd of Hong Kong/China,  ARMOUR ENERGY Ltd of Australia, Swala Energy Ltd of Australia, and Tullow Uganda Operation Pty Ltd affiliated to Tullow Ireland.
 

 

Tagged with: oil exploration