M a r k e t N e w s
17 Companies Shortlisted For Uganda’s First Licensing Round For Petroleum Exploration, Development And Production
Posted on : Thursday, 2nd July 2015
Following the end of a deadline for the Process of receiving the Request for Qualification ended on 30th June, 2015 the Ministry has said it has registered seventeen valid applicants out of the nineteen applicants that had registered for licenses in six blocks in the Albertine Basin.
The six blocks on offer are; Ngassa (410 Km2) in Hoima District, Taitai & Karuka (565 Km2) in Buliisa District, Ngaji (895 Km2), Rukungiri & Kanungu Districts, Mvule (344 Km2) in Moyo and Yumbe Districts together with Turaco (425 Km2) and Kanywantaba (344 Km2) in Ntoroko District.
According to Permanent Secretary, Ministry of Energy and Mineral Development F. A. Kabagambe-Kaliisa the registration of Seventeen valid applications presents a significant milestone given the several challenges the entire oil and gas industry is going through.
The Uganda Government will now undertake the evaluation of the Application for Qualification between 1st July and 30th July 2015 with qualified applicants will be displayed on10th August 2015.
Kabagambe-Kaliisa adds that the Government will issue Request for Proposal/ bidding and the modal Production Sharing Agreement documents to qualified applicants on 20th August,2015 with applicants then required to bid for blocks or a block of their interest after the mandatory acquisition of data in the blocks or a block through the physical Data Room at the Directorate of Petroleum in Entebbe.
Source : OIL NEWS KENYA
