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Those firms interested in picking up acreage in Uganda will get a chance to peruse the government’s information on the country’s first competitive licensing round at an event put on in London. The government will promote the licensing round at the Waldorf Hilton Hotel in London at the 12thAfrica Independents Forum 2015 May 26 and 27.
The event is a joint venture between ITE Group Plc and Global Pacific & Partners; it gathers players from across Africa, including key financial markets, equity financiers and investors.
The round is made up of six blocks in the Albertine Graben, which is a proven prospective sedimentary basin. Irene Muloni, Minister of Energy and Mineral Development said, “We have an estimated 6.5 billion barrels of in place petroleum resources from exploration work in less than 40% in the Albertine Graben. However, less than 10% of the Albertine Graben is currently licensed and the six blocks targeted for this maiden licensing round have good data coverage.”
The 69thPetroAfricanus Reception follows the Independents Forum, (Guest Speaker, Brian O’Cathain, Chief Executive, Petroceltic International), with the 8thAfrican National Oil Companies Strategy Briefing held prior, on May 26, 2015, hosted by Global Pacific & Partners. This intensive, one-day, not-to-miss, Tour de l’Afrique, revealing Africa’s dynamic but changing competitive oil maps and political economy, with fast-shifting geopolitics and state oil/gas landscapes, highlights themes and insights not typically identified by any conventional analysts or media.
Delegates receive direct online access to all presentations, with unique insights from the 8th African National Oil Companies: Strategy Briefing 2015 held in London, and containing around 500 Images on Africa’s National Oil Companies and Governments, crafted by Duncan Clarke.(Petroleum Africa)