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Wednesday, May 20, 2015
The government of Uganda has pushed back the deadline for companies to submit their Application for Qualification (AfQ) from the end of May until the end of June. The round consists of six exploration blocks in western and northern Uganda.
Fred Kabagambe Kaliisa, Permanent Secretary for the Ministry of energy was cited by New Vision as saying 10 applications had been received for acreage to date, however the government is looking for more firms to participate in the licensing round. According to Kaliisa, an additional six companies had shown interest in getting exploration licenses but have not yet bought the request for qualification documents.
Kaliisa added that the bid closing deadline had coincided with two international oil conferences in the US and the UK. The government plans to promote the round at the upcoming Global Pacific and Partners’ 12thAfrica Independents Forum 2015 taking place May 26 and 27 in London. Kaliisa hopes to attract more bidders from promoting the round at the conference.
“We want to reach more investors so that they understand what we have on offer. The response we have received from the investors is good. We are also encouraging local companies to apply. We have not yet scrutinized the 10 applications to know the applicants details,” Kaliisa said to New Vision.
“When a production license is issued, a number of activities have to take place to make the production happen,” he said. Mugerwa said the recovery rates provided by oil companies were consistent with international standards.
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