The Uganda National Oil Company (UNOC) is seeking a joint venture partner to help operate an exploration block in Uganda’s west, the firm’s spokesperson said on Wednesday.<\/p>\n
The Ugandan state-owned firm\u00a0acquired\u00a0the 1,285-square-kilometre Kasuruban exploration block in 2023 after signing a production sharing agreement (PSA) with the government.<\/p>\n
UNOC spokesperson Angella Ambaho did not share details of how much equity the company was prepared to share with the new partner in the venture.<\/p>\n
The PSA was initially signed for two years and is subject to two renewals for the same period. UNOC renewed it in March this year.<\/p>\n
Ambaho said the company has acquired geophysical and geological data and expects to process it, acquire new data and drill at least one exploration well in the next two years.<\/p>\n
UNOC already owns a 15% stake in two other production projects – Tilenga and Kingfisher – alongside France’s TotalEnergies\u00a0and China’s CNOOC , and expects to start pumping crude commercially in 2026.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Uganda National Oil Company (UNOC) is seeking a joint venture partner to help operate an exploration block in Uganda’s west, the firm’s spokesperson said on Wednesday. The Ugandan state-owned firm\u00a0acquired\u00a0the 1,285-square-kilometre Kasuruban exploration block in 2023 after signing a production sharing agreement (PSA) with the government. UNOC spokesperson Angella Ambaho did not share details […]<\/p>\n","protected":false},"author":1,"featured_media":9356,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"jnews-multi-image_gallery":[],"jnews_single_post":{"format":"standard","override":[{"template":"1","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_featured":"1","show_post_meta":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_reading_time":"0","post_reading_time_wpm":"300","post_calculate_word_method":"str_word_count","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","number_popup_post":"1","show_post_related":"1","show_inline_post_related":"1"}],"image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post_position":"meta","trending_post_label":"Trending","sponsored_post_label":"Sponsored by","disable_ad":"0","source_name":"Reuters","subtitle":""},"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":{"view_counter_number":"0","share_counter_number":"0","like_counter_number":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[29,32,2362],"tags":[132,2267],"class_list":["post-16885","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-africa","category-economy","category-featured","tag-uganda","tag-uganda-national-oil-company-unoc"],"_links":{"self":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts\/16885","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/comments?post=16885"}],"version-history":[{"count":0,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts\/16885\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/media\/9356"}],"wp:attachment":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/media?parent=16885"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/categories?post=16885"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/tags?post=16885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}