26 July 2016

Uganda: Nigerian Oil Firms Win Uganda's Acreages

Lagos — The Waltersmith Petroman, Niger Delta Petroleum Resources (NDPR) and Oranto Petroleum, all Nigerian independent marketers, have been awarded two acreages in Uganda, said a report issued by the Africa oil and gas magazine.

Waltersmith won the Turaco shallow and deep acreage.

NDPR was paired with Oranto for the Ngassa block.

The report said that the Nigerian companies were the only proven hydrocarbon producers, from a list 10 companies, which made the final list for the six blocks.

The other companies included Armour Energy Limited of Australia, Rift Energy Corporation of Canada, Glint Energy LLC of USA and Swala Energy Ltd of Australia.

Uganda announced its first competitive bidding round for the six exploration blocks, including Mvule, Taitai and Karuka, Ngassa, Turaco, Kanywantaba and Ngaji, covering a total of 3,000 square kilometres, in February 2015.

Bidding documents were issued to 16 oil firms in October 2015.

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