Uganda: El Gobierno continua optimista pese a los bajos precios de petroleo a nivel mundial

Lunes, 18 de Septiembre de 2017


 Fuente: the Monitor 

Kampala ”The first hint of why 'big players' stayed away from Uganda's competitive licensing round was dropped by Energy minister Irene Muloni last Thursday during the issuance of an exploration licence to Australian oil junior Armour Energy Limited - low oil prices.

The licensing round was opened by ministry of Energy in February 2015 with six oil blocks up for grabs through a competitive process that, however, attracted mainly small and medium exploration companies.

Seventeen firms responded to the ministry's Request for Qualification from companies but only 16 submitted proposals and four reached negotiation stage.

The already licensed companies, France's Total E&P and Cnooc, from China stayed away.

The argument at first, for excusing the duo, was that the big players come in when [oil] discoveries had been confirmed and appraisals made on the available reserves; usually by the small and medium players who usually sell off to former.

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For example, Hardman Resources and UK-based Energy Africa entered Uganda in 2001, and each was granted a 50 percent stake in Exploration Area 2, to the east of Lake Albert in the Butiaba region.

In 2001, Heritage sold Energy Africa a 50 per cent stake in Exploration Area 3.

In 2004, the Anglo-Irish Tullow Oil PLC bought off Energy Africa taking more than 50 per cent stake in Exploration Areas 2 and 3 with the other half belonging to Heritage.

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