The call is made by the president of the Uganda farmers’ federation Charles Ogang.

He says they have received a number of complaints from farmers in the districts of Buliisa, kiryandongo and Hoima among others about the unfair payments for their land.

Ogang says in some areas farmers have been compensated for only the land without considering the crops that were destroyed.

Ogang says resettlement schemes for farmers should be undertaken by government to find new fertile soil that can support agriculture.

The post Farmers want to be compensated over oil exploration activities first appeared on Uganda Multimedia News & Information.

Graduate Student Fellowship Program: The Board of Trustees of the Society of Economic Geologists Foundation (SEGF) takes great pleasure in announcing, “The SEGF Graduate Student Fellowship Program.”

This program will provide fellowships to students who intend to pursue a course of study in economic geology leading to a Master of Science (MSc) and/or PhD degree, with preference given to those who will be entering graduate school following completion of a Bachelor of Science (BS) degree, or equivalent.

Individual fellowships range from $10,000 to $20,000 for the first year of graduate study.

Students from throughout the world with an expressed interest in pursuing graduate studies in economic geology are encouraged to apply.

Applicants must meet the following requirements:

• Have completed, or are in the process of completing, a BS or equivalent degree in the geosciences or related fields.
• Have been accepted, or are in the process of being accepted, as a first-year graduate student at a recognized college or university offering a graduate program leading to an MSc and/or PhD degree in economic geology as it relates to the study of mineral and ore deposits, geochemistry or geophysics with applications to minerals exploration and mine geology.
• Have manifested a strong interest in the study of economic geology as it relates to mineral and ore deposits, geochemistry or geophysics with applications to minerals exploration and mine geology, or in a discipline directly related to the field of economic geology.
• Must be an SEG student member, or have applied for SEG student membership.

Completed application forms must be accompanied by:

1. an official transcript of grades from the institution awarding the BS degree and

2. two letters of recommendation—one from the student’s undergraduate advisor or head of department, and another from a faculty member familiar with the applicant’s academic record and character.

Applications will be evaluated by an SEGF committee established solely for the purpose of selecting graduate student fellowship recipients.

Funds will be delivered to the successful applicants upon receipt by the SEGF of proof of enrollment at the graduate school selected by the student. It is anticipated that 5 to 10 fellowships will be awarded annually.

Applications, together with the supporting information, should be submitted to the address below and must be postmarked no later than February 15.

Completed application forms and any request for further information should be submitted to the following address: Chairman, SEGF Graduate Student Fellowship Program, Society of Economic Geologists Foundation, Inc. 7811 Shaffer Parkway, Littleton , CO 80127 USA. E-mail: seg [at] segweb.org

For more information and application materials, see: Graduate Student Fellowship Program.

SEGF announces Graduate Student Fellowship Program

Graduate Student Fellowship Program: The Board of Trustees of the Society of Economic Geologists Foundation (SEGF) takes great pleasure in announcing, “The SEGF Graduate Student Fellowship Program.”

This program will provide fellowships to students who intend to pursue a course of study in economic geology leading to a Master of Science (MSc) and/or PhD degree, with preference given to those who will be entering graduate school following completion of a Bachelor of Science (BS) degree, or equivalent.

Individual fellowships range from $10,000 to $20,000 for the first year of graduate study.

Students from throughout the world with an expressed interest in pursuing graduate studies in economic geology are encouraged to apply.

Applicants must meet the following requirements:

• Have completed, or are in the process of completing, a BS or equivalent degree in the geosciences or related fields.
• Have been accepted, or are in the process of being accepted, as a first-year graduate student at a recognized college or university offering a graduate program leading to an MSc and/or PhD degree in economic geology as it relates to the study of mineral and ore deposits, geochemistry or geophysics with applications to minerals exploration and mine geology.
• Have manifested a strong interest in the study of economic geology as it relates to mineral and ore deposits, geochemistry or geophysics with applications to minerals exploration and mine geology, or in a discipline directly related to the field of economic geology.
• Must be an SEG student member, or have applied for SEG student membership.

Completed application forms must be accompanied by:

1. an official transcript of grades from the institution awarding the BS degree and

2. two letters of recommendation—one from the student’s undergraduate advisor or head of department, and another from a faculty member familiar with the applicant’s academic record and character.

Applications will be evaluated by an SEGF committee established solely for the purpose of selecting graduate student fellowship recipients.

Funds will be delivered to the successful applicants upon receipt by the SEGF of proof of enrollment at the graduate school selected by the student. It is anticipated that 5 to 10 fellowships will be awarded annually.

Applications, together with the supporting information, should be submitted to the address below and must be postmarked no later than February 15.

Completed application forms and any request for further information should be submitted to the following address: Chairman, SEGF Graduate Student Fellowship Program, Society of Economic Geologists Foundation, Inc. 7811 Shaffer Parkway, Littleton , CO 80127 USA. E-mail: seg [at] segweb.org

For more information and application materials, see: Graduate Student Fellowship Program.

The post SEGF announces Graduate Student Fellowship Program first appeared on Uganda Multimedia News & Information.

Tullow Oil plc (Tullow) is pleased to announce that it has appointed Barclays Capital and Morgan Stanley & Co. International plc as joint corporate brokers with immediate effect.

FOR FURTHER INFORMATION CONTACT:
Tullow Oil plc
(+44 20 3249 9000)
Chris Perry – Investor Relations
James Arnold – Investor Relations
George Cazenove – Media Relations

Citigate Dewe Rogerson
(+44 207 638 9571)
Martin Jackson
Kate Lehane

Murray Consultants
(+353 1 498 0300)
Joe Murray
Ed Micheau

Tullow Group Overview
Tullow is a leading independent oil & gas, exploration and production group, quoted on the London, Irish and Ghanaian (symbol: TLW) stock exchanges and is a constituent of the FTSE 100 Index. The Group has interests in over 90 exploration and production licences across 22 countries and focuses on four core areas: Africa, Europe, South Asia and South America.

In Africa, Tullow has production in Ghana, Gabon, Côte d’Ivoire, Mauritania, Congo (Brazzaville) and Equatorial Guinea with two large appraisal and development programmes in Ghana and Uganda. Tullow also has exploration interests in Gabon, Côte d’Ivoire, Liberia, Sierra Leone, Mauritania, Senegal, Tanzania, Madagascar, Namibia, Kenya and Ethiopia.

Tullow’s European interests are focused on gas in the UK Southern North Sea where it has significant interests in the Caister-Murdoch System and the Thames area and in the Netherlands where it has offshore gas production, development and exploration opportunities.

In South Asia, Tullow has exploration and production in Bangladesh and exploration interests in Pakistan. In South America, Tullow has exploration interests in Guyana, French Guiana and Suriname.

The post Tullow oil appoints Barclays Capital and Morgan Staley & Company as corporate brokers first appeared on Uganda Multimedia News & Information.

HIGHLIGHTS

Exploration and Appraisal activities

• 74% exploration and appraisal success ratio in 2011; basin-opening Zaedyus discovery in French Guiana.
• New exploration partnering initiatives being pursued including a frontier exploration partnership with Shell in the Atlantic basin.
• Great progress on appraisal of Tweneboa-Enyenra-Ntomme (TEN) in Ghana; Ntomme-2A successfully encountered light oil in excellent quality sandstone reservoirs reinforcing the TEN resource base.
• Appraisal activities in Uganda in EA-1 have provided further valuable data; seismic campaign completed; important licence extensions received.
• Surveys in Kenya and Ethiopia completed; Ngamia-1 well in Kenya due to spud imminently.
• High-impact E&A programme consisting of approximately 40 wells planned for 2012.

Development and Operations activities

• Group working interest production averaged 78,200 boepd in 2011; production in 2012 is forecast to average between 78,000 and 86,000 boepd with an exit rate of over 90,000 boped expected.
• Gross Jubilee production is currently over 70,000 bopd and following a number of remedial activities is expected to average 70,000 to 90,000 bopd in 2012.
• Jubilee Phase 1A development plan now approved with drilling scheduled to commence in March 2012.
• TEN development Front End Engineering and Design (FEED) work is progressing in parallel with appraisal. Plan of Development to be submitted Q3 2012 with first oil expected c.30 months after approval.
• Tullow is finalising arrangements with the Ugandan Government to complete the $2.9 billion farmdown and commence basin development.

Group financials

• Record 2011 financial results expected; 2011 sales revenue of $2.3 billion forecast, over double 2010.
• 2011 full year capital expenditure of $1.4 billion.
• Forecast 2012 capital expenditure of $2.0 billion.
• Net debt at 31 December 2011 was approximately $2.8 billion.

COMMENTING TODAY, AIDAN HEAVEY, CHIEF EXECUTIVE SAID:
“Record revenues and cash flows from increased production and strong commodity prices combined with industry-leading exploration success underpin another very good year for Tullow in 2011. In 2012 we expect significant progress in Ghana and Uganda as we move forward with Jubilee well remediation and Phase 1A, TEN and the Lake Albert developments. We have an exciting exploration programme to open new basins, both onshore and offshore, and we hope to extend our reach in Africa and elsewhere along the Atlantic Margins with major new partnerships. There is much to look forward to in the year ahead.”

Conference Call: In conjunction with this announcement Tullow has scheduled a conference call at 09:00 today. Details are included at the end of the release.

If you wish to unsubscribe please go to: http://www.tullowoil.com/unsubscribe/

The post Tullow oil shows promising future in its 2011 end of year statement first appeared on Uganda Multimedia News & Information.

Through Bwambale , Musede and Co. Advocates, Mulumba states that 50% of the stake Tullow Bought from Heritage Oil was had already reverted to the government. Mulumba wants a declaration that Kingfisher discovery ceased to form part of the petroleum exploration area for Heritage and Tullow when Heritage failed to ask for a production license for block 3A after the exploration lincense had expired beyond the renewable eight years provided by the law.

Mulumba wants court to restrain the Attorney General, Heritage Oil and Gas Limited and Tullow Oil Uganda from “undertaking any further dealings including but not limited to exploration, production, selling, assigning, transferring any interest in exploration Area 3A (EA-3A) kingfisher (Kajubirizi) of the Albertine Graben.” Tullow which co-owns 3A with Heritage bought the later interests at 1.5billion US dollars in 2010. The company which now owns almost 100% of all the oil wells so far identified is planning to farm out 33% of its stake of France’s Total and another 33% to China’s CNOOC. The government is yet but expected to approve the sale by end of January 2012.

Here is a summary of the key issues of concern

1. The government is not ready to undertake oil production (more preparation and laws needed)
2. All Heritage Oil and gas assets sold to Tullow were null and void as the former’s license on Block #A (Kingfisher exploration had ended) and as per 19 (1) (b) of the Act they reverted the government.
3. The Memorandum of understanding signed between Tullow and Uganda government to normalize the license issue is null and void as it is inconsistent with the Petroleum Exploration and Production Act 1993
4. Licenses for the oil blocks should be made in accordance with the Public Procurement and Disposal of Public Assets Authority Act (open bidding).
5. The Court cases between Tullow oil and Heritage Oil and gas, as well as between the Uganda Revenue Authority (on behalf of the Uganda Government) and Heritage Oil and Gas –are warning signs of how uncertain it is that Ugandans will benefit from the oil sector.
6. The recent corruption allegations that top ministers have received hefty bribes from oil companies to give the companies favourble deals have further increased worries on the running of the oil sector and increased concerns that Ugandans might not benefit from the oil resource.
7. The increasing insistence by the government to keep oil production sharing agreements secret raises issues at what the government is hiding, how much has been given away and whether oil companies and not taking advantage of the country.
8. The confidentiality (secrecy) clauses in the Production sharing agreements no longer apply since the license with the companies with which the agreements were signed have since expired. According to section 59 of the Production Sharing agreement, the confidentiality clauses cease to exist when the license ceases to exist. It is for this very reason Ultimate media decided to publish the oil agreements.

Here is a Detailed review article on the case and especially its implication for Tullow Oil

Also see our other Uganda oil related articles

Uganda government production sharing agreements with oil companies

Uganda government approves Tullow oil takeover of Heritage assets

Ugandans ponder oil benefits

Fosterwheeler final report on Uganda oil industry refinery

Parliament pins Bank of Uganda Governor for spending first oil money on buying fighter jets

Government of Uganda outlines oil production program

Parliament calls for censure of key ministers Sam Kutesa, Amama Mbabazi and Hillary Onek over oil bribery allegation

Uganda urged to invest oil revenues in income generating activities

Uganda buoyant over oil prospects as Museveni outlines key strategy

Government asked to solve land purchase conflicts in oil producing areas

Ultimate Media

The post Key issues of contention in Uganda’s oil sector reflected in case against Tullow and Government first appeared on Uganda Multimedia News & Information.

Acholi cultural leader Rwot David Onen Achana

This follows the confirmation of some oil wells in Amuru district last year.

This came after oil was discovered in Amuru district and oil companies started working on this oil field almost a year now.

The former Chairperson of the Acholi Parliamentary Group, Livingstone Akello Okello says the government should recognize and grant the interests of the Acholi in the oil that Uganda is set to start producing.

Recently the Acholi Paramount Chief (Rwot), David Onen Achana II, also asked his subjects to form groups so that they can demand oil royalties from the exploration company in the region.

Uganda is expected to start oil production in two years after commercially viable oil deposits were confirmed in the mid western parts of the country.

Ultimate Media

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