Uganda will offer a new oil exploration licensing round next financial year, its \u200bminister for energy and mineral development said \u200con Tuesday.<\/p>\n
The East African country, which expects to start commercial crude production later this year, is keen \u200bto expand its resource base through potential \u200bnew discoveries.<\/p>\n
Ruth Nankabirwa, the minister, told a \u2060petroleum conference that Uganda would offer its third \u200bpetroleum exploration licensing round in the financial year \u200bthat starts in July.<\/p>\n
“This will offer new exploration blocks in the Albertine Graben and frontier basins,” she said.<\/p>\n
Uganda’s \u200blast licensing round, in which five blocks \u200bwere on offer, was launched in 2019 and concluded in \u200c2023.<\/p>\n
The \u2060country’s existing reserves, estimated at about 6.5 billion barrels, are all in the Albertine Graben, which straddles Uganda’s border with the Democratic Republic \u200bof Congo. The \u200benergy \u2060ministry says only 40% of that region has been explored so far.<\/p>\n
The \u200bgovernment is also doing preliminary exploration \u200bsurveys in \u2060two new basins, Moroto-Kadam and Kyoga, located in the country’s north and northeast, respectively.<\/p>\n
Uganda’s existing oil \u2060fields \u200bare co-owned and operated \u200bby France’s TotalEnergies\u00a0and China’s CNOOC alongside Uganda’s state-owned petroleum firm, \u200bUNOC.<\/p>\n","protected":false},"excerpt":{"rendered":"
Uganda will offer a new oil exploration licensing round next financial year, its \u200bminister for energy and mineral development said \u200con Tuesday. The East African country, which expects to start commercial crude production later this year, is keen \u200bto expand its resource base through potential \u200bnew discoveries. Ruth Nankabirwa, the minister, told a \u2060petroleum conference […]<\/p>\n","protected":false},"author":1,"featured_media":20650,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":3,"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","show_comment_section":"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":[29,32,2831,2362],"tags":[72,5065,132],"class_list":["post-20649","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-africa","category-economy","category-energy","category-featured","tag-democratic-republic-of-congo","tag-ruth-nankabirwa","tag-uganda"],"_links":{"self":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts\/20649","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=20649"}],"version-history":[{"count":1,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts\/20649\/revisions"}],"predecessor-version":[{"id":20651,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts\/20649\/revisions\/20651"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/media\/20650"}],"wp:attachment":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/media?parent=20649"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/categories?post=20649"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/tags?post=20649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}