In Summary
- The move allows the companies to progress with well drilling that will confirm the viability of the oil and gas deposits.
- Armour is doing exploration at Kanywataba block (344 square km).
- Oranto is exploring at Ngassa contract area covering 410 square km.
Uganda has renewed exploration
licences for Nigeria’s Oranto Petroleum Ltd (OPL) and Australia’s Armour
Energy, allowing the companies to progress with well drilling that will
confirm the viability of the oil and gas deposits in the new blocks
where initial investigations have shown positive prospects.
In
2017, the ministry of Energy and Mineral Resources issued exploration
licenses and production sharing agreements (PSA) to Oranto Petroleum and
Armour Energy Litd at the same time. The four-year long licences have
two phases each with two years of operation. The first two years ended
in October 2019.
The
renewed licences allow the companies to reprocess existing seismic data,
acquire new seismic data, carry out geophysical and geological studies
as well as feasibility studies for drilling.
“The
first two years period ended in October and they fulfilled the work
programme which includes technical studies and using 2Dimension
technology. The minister renewed their licences for the second two years
period where they are expected to drill wells,” said Gloria Sebikari,
spokesperson for the Petroleum Authority of Uganda.
Armour
is doing exploration at Kanywataba block (344 square km). The company
considers the block to be very good as discovery of oil at King Fisher
and presence of oil seeps confirm working petroleum.
Oranto
is exploring at Ngassa contract area covering 410 square km. The
ongoing exploration activities is raising hope of additional discoveries
going by current seismic data.
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