Uganda to use international events to promote its First Licensing Round for Petroleum Exploration

The Ministry of Energy and Mineral Development has said it will be holding promotional Events for Uganda’s First Licensing Round for Petroleum Exploration, 2015.

 Potential investors will receive presentations and an exhibition on the licensing round for petroleum exploration at the following International events;

1.The 12th  Africa Independents Forum 2015; 26th to 27th May, 2015; Adelphi Suites, The Waldorf Hilton, London United Kingdom

2.American Association of Petroleum Geologists (AAPG) Annual Convention and Exhibition, 2015; 31st May to 3rd June, 2015, International Convention Center, Denver, Colorado, USA.

3.Global Petroleum Show 2015; 9th to 11th June, 2015; Stampede Park – Big 4 Building; Calgary, Alberta, Canada

Uganda’s first open competitive licensing round for petroleum exploration will cover six blocks in the Albertine Graben which is a proven prospective sedimentary basin including: Ngassa (410 Km2) in Hoima District, Taitai & Karuka (565 Km2) in Buliisa District, Ngaji (895 Km2), Rukungiri & Kanungu Districts, Mvule (344 Km2) in Moyo and Yumbe Districts together with Turaco (425 Km2)  and Kanywantaba (344 Km2) in Ntoroko District.

These blocks have both seismic and well data which were acquired by oil companies previously licensed in these areas. Stratigraphic Licensing will be applicable to some of these blocks.

Uganda has already undertaken resource and risk assessment of the areas proposed for licensing, developed a data room and is now making available data packages to prospective investors in preparation for this licensing round.

Uganda’s first licensing round is guided by the National Oil and Gas Policy for Uganda (2008) and the Petroleum (Exploration, Development and Production) Act 2013.  The announcement follows approval of Cabinet and submission of a report on the Licensing round to Parliament.

The Ministry invites all interested firms to visit its exhibition booth during these events to get more information on Uganda’s First Licensing Round for Petroleum Exploration and other investment opportunities in Uganda’s emerging oil and gas sector.