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
24 March 2026
It is an unusual story of out with the new and in with the old, as America First Refining shows the US going back to trusted energy security developments
23 March 2026
A complex and sometimes contradictory web of factors that include unpredictable oil prices, the globalisation of LNG markets, the expansion of Middle Eastern sovereign capital and the growth of datacentre demand will shape the energy landscape beyond 2026
23 March 2026
The Strait of Hormuz crisis highlights how key waterways can become global chokepoints
20 March 2026
Attacks on key oil and LNG assets across the Gulf mean a prolonged supply disruption, with damage to Qatar’s export capacity undermining confidence in the global gas system
