Oil & Gas companies

Energy, Oil & Gas

Tullow profit soars amid wait for Uganda farm-down approval

Tullow said it hopes the Uganda government will approve the farm-down of its assets by the end of this year, paving way for a final investment decision and the issuance of engineering, procurement and construction tenders for local oil fields
Kyehoro Camp operated by Tullow in Uganda
Energy, Oil & Gas

Oil recoverable costs: Disallowed costs hit Shs300b in final audit

At least $81.147m (Shs300b) has been disallowed as “costs not recoverable” by oil companies from the Production Sharing Agreements (PSAs) signed with government between 2001 and 2011
Energy, Oil & Gas

Total, Cnooc reach deal on Tullow’s oil fields

Total E&P Uganda and the China National Offshore Oil Corporation have reached a compromise on the operation of the Buliisa fields in Exploration Area 2, the license area previously operated by Tullow Oil PLC
A drilling rig at a drilling site in Uganda
Energy, Oil & Gas

Nigeria’s Oranto awarded license for Ngassa field

Uganda has signed two production sharing agreements (PSAs) with Nigeria’s Oranto Petroleum and also issued two exploration licenses for the Ngassa oil block
Energy, Oil & Gas

Licence for Ngassa block to be awarded in October

Uganda will issue two exploration licences and also sign a Production Sharing Agreement for the Ngassa oil block, Hoima District, in early October, the energy minister has said
Energy, Oil & Gas

Australia’s Armour Energy to spend $2m in first two years of exploration

The newly licensed Australian junior exploration company, Armour Energy Limited, will invest Shs7bn in its first two years in Uganda, its chief executive officer revealed on Thursday in Kampala
Energy, Oil & Gas

Exploration licence for Kanywataba field to be awarded Thursday

Energy minister Irene Muloni, will on Thursday issue an exploration licence for the Kanywantaba oil block in Ntoroko District to Australian junior exploration company, Armour Energy Limited
Energy, Oil & Gas

Uganda to award three exploration licences in June

Uganda will issue three exploration licences and sign Production Sharing Agreements (PSAs) with three oil companies that made it to the last round of the first competitive licensing process, opened in February 2015.
Energy, Oil & Gas

Three companies awarded design studies for Buliisa project

Total E&P Uganda, China National Offshore Oil Corp., and Tullow Uganda have launched Front End Engineering Design (FEED) studies for Exploration Area 1 (EA1) in Nwoya and Exploration Area 2 (EA2) in Buliisa district.
Energy, Oil & Gas

Uganda to identify refinery lead investor by February 2017 — minister

Uganda expects to have identified a lead investor in its proposed oil refinery by February next year, according to energy and minerals minister Irene Muloni.
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