Petroleum Africa
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Tuesday, August 2, 2016
The winners of Uganda’s licensing round launched in February of last year have been revealed. The government has invited four firms to negotiate for five PSAs, three of those firms are from Nigeria and one is from Australia.
Uganda offered up six exploration blocks in its first competitive licensing round. Bidding documents were issued to 16 companies after qualifying but only seven of those 16 submitted bids.
The Ministry of Energy and Mineral Development said it selected Nigerian firms Walter Smith Petroman Oil Ltd., Oranto Petroleum International, Niger Delta Petroleum Resources, and Armour Energy Ltd. out of Australia.
“Negotiations for these PSAs is the final milestone before granting exploration rights,” the ministry said in a statement. Issues for negotiation would include exploration work programs and how the financial proceeds will be shared.
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