May 23, 2018

Nigerian firms bid for Uganda oil wells

Nigerian firms bid for Uganda oil wells

The Ugandan government has announced that seven oil companies, three from Nigeria, have submitted bids for exploration of oil in the country’s next round of licensing.

In October 2015, the Ugandan government made a public announcement that no fewer than 16 firms had expressed interest in acquiring oil exploration blocks in the country.

According to a recent statement issued by the country’s Ministry of Energy and Mineral Development, seven bids for oil blocks in Albertine Graben were received.

The firms that submitted bids are: Armour Energy Limited (Australia), WalterSmith Petroman Oil Limited (Nigeria), Oranto Petroleum International Limited (Nigeria), Niger Delta Petroleum Resources Limited (Nigeria), Rift Energy Corporation of Canada, Glint Energy LLC of United States of America and Swala Energy Limited of Australia. Read more

 

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