Uganda invites new oil exploration bids for 2019
December 09, 2018 | East Africa, Licensing & Concessions, Uganda
London, UK – Ahead of the second competitive round for exploration licences in 2019, Uganda is lobbying for investors in its Albertine fields to prospect for oil. State Minister for Energy and Mineral Development, Peter Lokeris, told international oil firms, financing groups, oil lawyers and consultants gathered in Juba on November 21 that Uganda is an attractive destination for oil investments. “Out of 121 wells drilled, 106 had hydrocarbons,” he said, adding that out of the 6.5 billion barrels of oil so far discovered since …