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Crude Oil May 22, 2019 01:30:37 AM

Uganda to Announce Its Second Oil Licensing Opportunities in Cape Town

Anil
Mathews
OilMonster Author
In 2018, Uganda hosted a roadshow at Africa Oil Week to showcase the country’s “proven oil and gas reserves which constitute close to 12% of world oil production.
Uganda to Announce Its Second Oil Licensing Opportunities in Cape Town

SEATTLE (Oil Monster): Seventeen Ministers from Africa’s largest energy producing nations, including countries such as Nigeria, Equatorial Guinea, Uganda and Tunisia among others, have agreed to meet in Cape Town at Africa Oil Week (AOW), taking place from 4-8 November 2019 to broker new partnerships for their energy sectors.

The ministers will be using Africa Oil Week Summit as a platform to discuss national strategies, sovereign competitiveness, issue licenses and finalize tenders.

With pressure growing on Sovereigns to develop attractive operating environments, the ministers will be detailing their hydrocarbon strategies to an audience of 1500+ senior executives from the entire upstream value chain, including NOCs and IOCs, Independent Operators, the Geoscience community, Service Companies and EPCs and the investment community.

Uganda’s Irene Muloni, Minister of Energy and Mineral Development for Uganda is expected this year to expand on the above theme with an update on the country’s most recent petroleum exploration project.

“In 2018, Uganda hosted a roadshow at Africa Oil Week to showcase the country’s “proven oil and gas reserves which constitute close to 12% of world oil production”.

Other Ministers will be Slim Feriani, Minister of Energy for Tunisia, who will be joining the government speaker line-up for the first time in AOW’s history.

Though Tunisia is well known for oil production, Feriani recently announced that the nation is planning to double its gas production this year from 35,000 barrels of oil equivalent to 65,000 when the southern Nawara gas field comes onstream in June. He will be providing more details on the status of Tunisia’s oil and gas resources at AOW 2019.

Gabriel Mbaga Obiang Lima, Minister of Mines, Industry & Energy for Equatorial Guinea, famous for its offshore crude oil fields, produces roughly 13.5 million tonnes of crude oil per year, with 149 million tonnes recoverable oil reserves.

Dr Emmanuel Ibe Kachikwu, Minister of State for Petroleum Resources, Nigeria, which is Africa’s largest oil producer and exporter; however it also has large gas reserves up for development, attracting interest from local operators such as Seplat and Oando who are sponsoring Africa Oil Week in 2019.

Alongside those already mentioned, ministers from South Africa, Republic of Congo, Central African Republic, Djibouti, Burkina Faso, Guinea, Gambia, Mali, Zambia, Rwanda and Chad will also be speaking at the event.

Courtesy: www.busiweek.com

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