Uganda

Uganda set to miss 2022 oil production deadline

October 01, 2019 | Company Operations, Development / Production, Uganda

London, UK | – French multinational oil giant Total E&P’s decision to suspend all oil activities in Uganda after Tullow Oil’s failure to sell a stake of its interests will delay Uganda’s plans of producing first oil, hurting the country’s position of meeting some of its debt obligations, reports the Observer. Uganda has racked up a pile of debts – such as the construction of roads and power plants – in the hope that oil money would flow quickly so that the country can service …

Russian consortium pulls out of $4bn Uganda refinery contract

May 14, 2019 | Budget & Investment, Refining & Processing, Uganda

Kampala, Uganda | – Uganda’s government has suspended its deal with Russian consortium RT Global Resources to build a $4bn oil refinery and has invited alternative bids from a South Korean group. The contract with the state-owned Russian concern has been under discussion since February 2015, when Uganda announced that it had chosen it as preferred bidder for the 60,000 barrel a day plant. A project framework agreement was then signed the following May. There were initially 75 companies and consortiums bidding for the deal, which came …

Uganda launches second round of competitive bidding for oil blocks

May 10, 2019 | Government & Regulations, Licensing & Concessions, Uganda

Kampala, Uganda | –  Uganda has launched a second round of competitive bidding for five oil exploration blocks in the west of the country, where it has already discovered commercial crude reserves, the energy ministry said. In a statement posted on its Facebook page, the ministry said a total of 4,928 square kilometres would be offered in the new round. Energy Minister Irene Muloni, speaking at an oil conference in Kenya’s seaport town of Mombasa on Wednesday, invited investors to take up the blocks, the …

Uganda government pushes oil refinery project to 2023

March 05, 2019 | Construction & Installation, Refining & Processing, Uganda

Kampala, Uganda |  — The consortium of Italian and American investors contracted to design, finance, construct and operate Uganda’s proposed 60,000 barrels per day oil refinery have completed and submitted the facility’s initial designs to the Ugandan government, with Energy Minister Irene Muloni saying they are “happy” with the latest configuration. A government delegation led by Ms Muloni and the Uganda Refinery Holdings Company (UHRC) general manager Michael Mugerwa was in Milan, Italy last week for discussions with the Albertine Graben Refinery Consortium (AGRC) to …

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 …

Tanzania sees $3.5bn Uganda gas pipeline kicking off in 2021

September 27, 2018 | Construction & Installation, Pipelines, Tanzania, Uganda

Dar Es Salaam, Tanzania | –  The Tanzania Petroleum Development Corporation is confident a natural-gas pipeline to Uganda will start in 2021, according to acting Managing Director of the corporation,  Kapuulya Musomba. At least 29 companies have shown interest in conducting a feasibility study and constructing the pipeline that will pump gas to western Uganda to power iron and steel factories, Musomba said in an interview in Tanzania’s commercial hub, Dar es Salaam. He didn’t provide any names. “We expect the feasibility study to be …

Ugandan, Tanzanian Presidents launch start of work on 1,445km Hoima-Tanga oil pipeline

November 10, 2017 | Construction & Installation, Pipelines, Tanzania, Uganda

Mutukula, Uganda | –  President Museveni and his Tanzanian counterpart John Magufuli on Thursday laid the second foundation stone at one of the proposed corridors for the proposed East African Crude Oil Pipeline (EACOP), a gesture for political will, and to charm international lenders expected to pool 70 per cent of the project capital expenditure. The 1,445-kilometre pipeline, planned to run from Hoima District in mid-western Uganda to Tanzania’s southern Tanga Port on the Indian Ocean coast, was earlier projected to cost at least $3.55b …

Tanzania signs oil exploration deal with Uganda

October 13, 2017 | Contracts, Exploration / Discoveries, Tanzania, Uganda, Upstream

London, UK | – Tanzania has entered into an agreement with Uganda to help in the search for oil in the Eyasi Wembere Basin and Lake Tanganyika. The two countries already have a crude pipeline deal. This puts to doubt Tanzania’s previous agreement with Democratic Republic of Congo signed a year ago to work on a joint oil exploration in Lake Tanganyika. DR Congo has discovered oil in Lake Albert on its border with Uganda and it hopes to find oil in Lake Tanganyika. Experts …