BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
COOKIE NOTICE

Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

IF you are a Platts Market Center subscriber, to reset your password go to the�Platts Market Center to reset your password.

In this list
Oil

Tullow urges Ugandan government to speed up oil production license

Steel

Turkey in focus: Steelmakers cope with challenging export market, high scrap prices

Oil

Platts Rigs and Drilling Analytical Report (RADAR)

Agriculture | Natural Gas | LNG | NGL | Oil | Crude Oil | Refined Products | Petrochemicals | Shipping

Houston Energy Forum at the S&P Global Platts Energy Symposium

Natural Gas | LNG | Oil

Interview: Africa upstream sector making smarter decisions: Kosmos exploration VP

Tullow urges Ugandan government to speed up oil production license

Kampala — UK-based Tullow Oil has urged the Ugandan government to speed up the awarding of oil production licenses that have been pending for nearly two years as it seeks to start oil production in the country.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

Tullow's general manager in Uganda, Jimmy Mugerwa, told a conference late Tuesday in Kampala that Tullow oil had spent over $ 3billion on Ugandan oil and was almost ready to go to the production stage once it had a production license.

"We appeal to the government to get committed to the deadline that they set by June this time around." he said.

Tullow oil submitted applications for eight licenses but continues to haggle with the government over development and recovery rates.


Uganda first discovered oil in 2006 and exploration companies led by Tullow drilled more than 116 wells, with the resources now estimated at 6.5 billion barrels. But the start of production continues to be pushed back due to delays by government in offering licenses.

Of the three companies involved in Ugandan oil, only CNOOC has been given a production license for the Kingfisher field. Tullow and Total are still waiting.

According to Ernest Rubondo, the head of Uganda's Petroleum Directorate, the government is working around the clock to ensure that the approvals are granted in time to enable the country to meet its 2018 target of first oil.

"We have a few remaining points of disagreement, which we hope to iron out soon," he said. "On our part we are optimistic let the companies fulfill their part of the bargain."

Uganda's current discoveries can support a peak production of at least 200,000 b/d for more than 20 years, according to the energy and minerals ministry.

--Namala Doreen, newsdesk@platts.com
--Edited by Jonathan Dart, jonathan.dart@platts.com