Don't display this message again [x]

Dear User,

On March 28, 2015 OilCareers and Rigzone will be coming together to provide you with access to the world’s largest resource for Oil and Gas news, jobs and industry insights.

We have recently updated our Terms & Conditions to accommodate these changes. Please read them carefully. By using the Site, you agree to be bound by these terms and conditions. These Terms and Conditions are effective as of March 30, 2015.

Finance & Investing
News Services
Get free industry updates via email.
Daily News
Weekly News
Equipment Updates
Weekly Job Register
Monthly Event Guide
Our privacy


Uganda to Award Oil Production Licenses to Tullow by End-March

change text size


NEW DELHI, Jan 13 (Reuters) - Uganda aims to award seven production licenses to Britain's Tullow Oil by the end of March, its energy and mineral development minister said on Monday, as the country inches closer to starting crude production.

East Africa's third-largest economy, which struck hydrocarbon deposits in the Albertine rift basin along its border with the Democratic Republic of Congo (DRC), expects to begin commercial production in 2016 at the earliest.

Uganda is negotiating eight production licenses with Tullow and one with French major Total.

"Total has just submitted the data so we will take some time. Tullow we hope to finalize in 2 months," Irene Muloni told Reuters on the sidelines of an industry event near New Delhi.

"It is back and forth. We will finalise the process based on completeness of data that they submit," she said at the Petrotech conference.

Uganda aims to have at least half of the planned 60,000 barrels per day refinery operating by end of 2017.

"We think it can come online quickly if we take the phased approach where we have first train of 30,000 (barrels) come online first," she said.

Uganda last year announced it had selected six firms to bid for the development and operation of a $2.5 billion refinery to help process the crude once production starts.

She said the six firms could submit final bids for the planned refinery by end of March.

Copyright 2015 Thomson Reuters. Click for Restrictions.


Post a Comment Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Most Popular Articles
From the Career Center
Jobs that may interest you
Subcontracts Manager (Contract) - Subsea/Offshore Construction
Expertise: Construction Superintendent|Contracts Administration
Location: Houston, TX
Staff Reliability Engineer (Instrumentation)
Expertise: Production Operator|Reliability Engineer
Location: Colonial Heights, VA
Pumper Lease Operator - Big Lake, TX
Expertise: Gas Plant Operations|Production Operator
Location: TX
search for more jobs