When did oil exploration start in Uganda?

When did oil exploration start in Uganda?

Mputa-1 well was drilled in December 2005 and on 6th January 2006 it struck oil and was declared the first commercial discovery in Uganda.

Which company is drilling oil in Uganda?

CNOOC International is one of the largest oil and gas companies in Uganda’s energy sector and owns one-third interests in each of Exploration Areas (EA) EA1/1A, EA2 and Kingfisher. Our partners are Total E&P Uganda (33.3%) and Tullow Oil (33.3%). CNOOC International operates the Kingfisher production license.

How much is Uganda’s oil worth?

At an expected cost of US$3.5 billion, it will transport a maximum of 216,000 barrels a day, at an expected price of US$12.2 per barrel.

Does Uganda produce oil?

Uganda produces 0.00 barrels per day of oil (as of 2016) ranking 128th in the world. Uganda produces every year an amount equivalent to 0.0% of its total proven reserves (as of 2016).

What are negative effects of oil exploration?

Oil and gas drilling is a dirty business Oil and gas drilling has a serious impact on our wildlands and communities. Drilling projects operate around the clock generating pollution, fueling climate change, disrupting wildlife and damaging public lands that were set aside to benefit all people.

How many oil companies are in Uganda?

We found 33 businesses in Uganda which have petroleum listed among their services.

What does Uganda need to develop its oil industry?

The Ugandan government expects developing the oil sector will require several billion dollars of infrastructure investment to build and support a refinery, two central processing facilities, and the 1,445 km EACOP – the world’s longest heated pipeline.

Is oil in Uganda’s Rift Valley basins commercially exploitable?

It has now been confirmed that Uganda’s rift valley basins contain commercially exploitable reserves of oil and gas. Efforts to explore this extractive and non-renewable resource have been stepped up in the last decade.

What happened to oil exploration in Europe?

Oil exploration continued intermittently through the 1930’s but came to a halt during the Second World War. Serious exploration work commenced again in early 1980’s with the acquisition of aeromagnetic data across the entire Graben and the subsequent follow up ground geophysical and geological work in the late 1980’s and 1990’s.

Who is developing the East Africa Crude oil pipeline?

French firm Total, and CNOOC, hold licenses to develop these resources. In April and May 2021, the Ugandan government, the Government of Tanzania, CNOOC, and Total signed a series of agreements related to the East Africa Crude Oil Pipeline (EACOP).