Companies shortlisted to invest in Uganda’s oil and gas exploration set for next year have started touring the oil fields of five blocks.
Among the shortlisted companies include France’s Total E&P Activities Petrolieres, Australia’s DGR Global Limited, Uganda National Oil Company Limited (UNOC) which is jointedly working with PetroAfrik Energy Resources East Limited and Nigeria’s Niger Delta Petroleum Resources Limited.
Additionally, China’s CNOOC is set to partner with Total in the shortlisted. All these companies have been granted an opportunity to tour the oil fields before they make a decision on whether to invest or not.
Basing on the acting Commissioner Petroleum Exploration, Development and Production Department, Mr. Frank Mugisha, after the tour, every company shall be given a grace period upto 30th June and no further extension to submit their application.
In this tour, the five blocks to be licensed include Avivi, Omuka, Kasuruban, Turaco and Ngaji in the Albertine region.
After the evaluation process, government shall get into talks with companies that have applied in order to set up the transparency policies meant to curb any chances of disagreement in the near future.
“The next phase is to negotiate with the companies before the signing of the oil production sharing agreements,” informed Mr. Robert Kasande, the permanent secretary at the ministry.