KAMPALA, UGANDA- Uganda has signed two Production Sharing Agreements (PSA) and issued two Licenses for Petroleum Exploration, Development and Production over the Ngassa Contract Area with Oranto Petroleum Limited from Nigeria.
This brings the number of oil explorers in Uganda’s oil sector to five after exploration and production licenses were awarded to Total E&P of France, Tullow Oil from United Kingdom, CNOOC of China and Armour Energy of Australia.
“We have granted Oranto Petroleum Limited two Petroleum Exploration licenses for the Shallow and Deep plays in the Ngassa block.
“The licenses have been stratigraphically delineated. This is the first time Uganda and indeed the East African region is undertaking Stratigraphic licensing, where two licenses are issued vertically over the same block. Stratigraphic Licensing is provided for in the Petroleum Act 2013,