Search results for oil exploration uganda albert
Tullow Oil plc has announced that its subsidiary, Tullow Uganda Limited has finalized the acquisition of Heritage Oil and Gas interests in Uganda. Tullow oil said in a statement Tuesday that they have completed the US$1.35 billion (about 2.8trillion Uganda shillings) acquisition of a 50% interest in Blocks 1 and 3A in Uganda from Heritage […]
Tullow Oil has announced the successful drilling of the Nsoga-5 appraisal well, which is located in the Butiaba region of Uganda Block 2 in Uganda’s Albertine Graben region where huge oil deposits have been confirmed. According to a statement from Tullow, the Nsoga-5 appraisal well was drilled to a total depth of 587 metres, 2.3 […]
Press Release/ Webtorial Jubilee Phase 1 on schedule for first oil by year-end; FPSO arrived in Ghana High-impact 2H 2010 drilling programme; key wells under way in Ghana and Uganda Government approval for purchase of Heritage’s Ugandan assets expected imminently 6 July 2010 – Tullow Oil plc (Tullow) issues this Trading Statement in respect of […]
The government of Uganda has been advised by the International Monetary Fund’s (IMF) to desist from ignoring other sectors of the economy in favor of the oil sector to enable proper growth and development of the economy. Uganda recently discovered oil in the western Uganda Abertaine region worth billions of barrels. Commercial exploitation is expected […]
Uganda President Yoweri Kaguta Museveni has appealed to the Uganda oil exploration companies to set up an oil refinery in the country so as to create jobs, address the problem of high oil prices and fuel shortage in the country. According to the Uganda State House spokesperson, Uganda President Museveni met with the executives of […]
THE REPUBLICC OF UGANDA BUDGET SPEECH for Financial Year 2010/2011 Theme: Strategic Priorities to Accelerate Growth, Employment and Socioeconomic Transformation for Prosperity. DEELIVERED AT THE MMEETING O F THE FIFTTH SESSIONN OF THE 8 PARRLIAMENTT OF UGANDA ON THUURSDAY, 10 JUNE, 2010 BY HONOURAABLE SYDAA N. M. BBUMBA (MP) MINNISTER OF FINANCE, PLANNINGG AND ECOONOMIC D […]
Tullow Oil is planning to invest in Uganda oil refinery and production as part of their development programme expected to start off in 2011 from the Kasamene field. Tullow Oil has put aside 8 billion dollars for the 5 year project, which will be divided to build facilities that will enable better production of oil […]
The potential that Uganda’s oil sector presents has been confirmed beyond doubt. Tullow Uganda Country Manager, Brian Glover says if Uganda can produce 200, 000 barrels of oil per day, it would generate $5 billion (about 12 trillion shillings) in export earnings for the country, whose current total export earnings stand at $2billion. But according […]
Government given an ultimatum of 60 days to resolve Bunyororo Issues Youth from the oil rich Districts of Bunyoro have issued an ultimatum of 60days to government to address matters that concern the people of Bunyoro in regard to the discovery of oil in the Albertine Region. The youth under the association of Concerned Youth […]
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