Uganda announces new Albertine Graben bid round
Explorers are likely to benefit from infrastructure being put in place for the existing crude export project
Uganda is offering five new exploration blocks in a second licensing round in the Albertine Graben, the area around Lake Albert, where China's CNOOC, France's Total and UK-based Tullow are developing a 216,000bl/d crude export project Uganda's energy minister, Irene Muloni, told an oil conference in Nairobi, Kenya that she expected strong interest in the round given the current high oil price and that the cost of finding oil in Uganda was relatively low. This cost is currently at under $1/bl in the country compared to a world average of $2/bl, according to a post on the ministry's Facebook page. "I am very pleased to announce that my five new brides are ready. They are very attractive and
Also in this section
17 May 2024
The latest drought crisis is passing, but longer-term solutions are in motion, explains Panama Canal Authority Administrator Ricaurte Vasquez Morales
16 May 2024
Flat oil growth in 2024 highlights mounting industry problems
15 May 2024
Five years ago, Uzbekistan turned to a private company called Saneg to reverse the fortunes of its oil industry. Results so far are encouraging, and according to CEO Tulkin Yusupov, further progress is on the way
13 May 2024
But optimism about island nation checked by competition around African upstream investment and history of false dawns