The Government of Uganda through the Ministry of Energy and Mineral Development issued the bidding document to the 16 Qualified Applicants for the licencing round of six blocks. The bidding and competitive process will close on 15th January 2016 with submission of bids. The bidding document comprise of Request for Proposal, Model Production Sharing Agreement
Tanzania acquires 5% interest in Kiliwani Project as signing of Gas Sharing Agreement pends
KAMPALA Tanzania has acquired a 5% working interest into the mega Kiliwani North Development Licence (‘KNDL’) gas project as a fully paying partner, Uganda Oil has learnt. According to a statement by Solo oil plc, a partner with Tanzania on the project, the assignment of the interest to Tanzania Petroleum development Cooperation will be subject to
Somalia oppose United Nations’ move to freeze all oil deals
NAIROBI The government of Somalia openly opposed United Nations’ move to halt all oil deals in the country as a way of curtailing insecurity in the horn of Africa state, Finance Minister Mohamed Adan said. A new UN Monitoring Group report on Somalia, to be released in mid-October, 2015, will reiterate a recommendation first made in
Nigeria secures Us$1.2 billion to finance Oil drilling projects
The Nigerian National Petroleum Corporation (NNPC) has secured a US$1.2bn multi-year drilling financing package The money will be used for 36 oil wells under the NNPC and Chevron Nigeria joint venture, according to a statement by Ohi Alegbe, general manager of group public affairs division at NNPC. Of the 36 wells, 23 are onshore and
Global Witness questions UK Serious Fraud Office for neglecting Oil firm Case in DR Congo
Statement by Global Witness Last month it was revealed that the UK’s Serious Fraud Office (SFO) would investigate a British oil company that had been making payments to officials in a highly unstable African country. The company was paying figures connected to the local government as it attempted to secure its business interests in the
British Oil firm Solo to widen investment in Tanzania despite half-year loss
British based Solo Oil said it will continue to actively assess new investment opportunities in Africa and elsewhere despite the oil market uncertainty. The company said its pretax loss widened in the first half of 2015 and said its investments in the Kiliwani North gas field in Tanzania and the Ruvuma production sharing agreement in
Kenya to auction inaugural ‘Oil Exploration Licenses’ in 2017
Kenya is planning to hold first oil exploration licencing in 2017, Uganda Oil has learnt. The National Oil Corporation of Kenya (NOCK) has invited bids from contractors to gather comprehensive data on several shallow blocks off Lamu to help attract exploration firms ahead of the anticipated auction of exploration rights. “The multi-client surveys and studies
Analysis: How Oil and gas revenue expectations lured Uganda into ‘debt trap’
ANALYSIS A decade of decadence has come to an end for African oil producers. International oil prices have fallen from last summer’s $100 per barrel highs, to averages of $56 in the first half of this year. After generating hundreds of billions of dollars in wealth over a commodities super-cycle, Africa’s big oil producers are
Nigeria and Angola Oil industry more attractive than the rest of Africa—New report
Nigeria and Angola present attractive growth and operational expansion opportunities for manufacturers in the offshore oil and gas paints and coatings market, according to a report by Frost & Sullivan, a South African-based growth partnership company. With raw material availability and local manufacturing capabilities catalysing production and supply lines, the two countries are rapidly emerging
Uganda to sign refinery deal in October as investors raise concern over land and roads
The government of Uganda expects to conclude the first negotiation phase of the 60,000 bpd refinery development project come October 2015 and embark on signing of the Final Investment decision Uganda Oil has learnt. The revelations were made by the Principal Engineer of the Refinery at the Directorate of Petroleum, Steven Enach at the closure