Uganda Receives Seven Bids

Thursday, March 3, 2016

The final bids from Uganda’s first licensing have been submitted, with the government receiving seven bids for the six exploration blocks on offer. The winners of the blocks are expected to be announced before the end of June.

In August 2015 the government announced that it had qualified 16 firms to submit bids for the blocks, some of those firms are well known, others not so much.

Some of the more well known firms in the African oil and gas sector who met the government’s set of qualifications include Tullow Oil, Sasol, ONGC, Oranto Petroleum, Rift Energy, and Swala Energy. Those names that are not so familiar around the continent are African Global Resources (JV comprising of Telconet Capital Limited, RT-Global Resources LLC and JSC Tatneft), Petrica Energy AS, Armour Energy Ltd., African Exploration Venture (JV comprising of Rapid Africa Energy Pty Ltd. and Africa Energy SA Corp), Niger Delta Petroleum Resources Ltd., Glint Energy, Brightoil Petroleum (Uganda) Ltd., Petoil (Uganda) Ltd, Waltersmith Petroman Oil Ltd., and MDC Oil and Gas Holding Company.

In the final bid submission none of the firms already operating in Uganda — Tullow, CNOOC, and Total — submitted bids.

While the names of the seven winning bidders have not been released as yet, the blocks they are competing for include the Ngassa, the Tai Tai & Karuka, the Mvule, Turaco, the Kanywantaba, and the Ngaji.

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