Continental Focus, International Reach

Uganda Preparing for New Acreage Offering

Monday, October 13, 2014

Look for Uganda to offer up acreage before the end of the year as the government says it will auction off new oil exploration blocks by December. To aid in determining what acreage will be put on offer, the government issued a tender for a consultant to help with the preparation.

The tender for the consultant, which went out in September, will aid the Ministry of Energy in preparing and packaging the seismic and other data for the exploration fields that will be up for auction. “The consultant will also tell us how many blocks, which ones, what are their value,” said Ernest Rubondo, commissioner for Petroleum Exploration and Production Department in a Reuters report.

It was also reported that government is also to be compensating the land owners at the site where it plans to construct its oil refinery. Rubondo said the government had compensated about 70 of the landowners so far, adding, “By the end of this year the remaining should also be compensated.”

Two consortia led by Russia’s RT-Global Resources and South Korea’s SK Group are competing as final bidders to develop the refinery project and officials have said a winner will be announced by the end of 2014, according to Rubondo.


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