- Energy Transition: Projections of peak oil, gas, and coal demand before 2030 deemed ‘extremely risky and impractical’
- Africa: BW Offshore wraps up much-anticipated sale of Nigerian FPSO
- Senegal: European JV aims to revolutionize country’s power infrastructure
- Congo: Eni, Lukoil, and SNPC ink LNG sale and purchase agreement in a ‘significant milestone’
- Aramco CEO calls for ‘more realistic and robust’ multi-source plan in global energy transition
Africa Oil & Gas: Uganda and China to Jointly Explore Albertine Graben
Uganda’s national oil company and Chinese firm CNOOC, will be exploring jointly a new oil and gas block in the Albertine Basin. A memorandum of understanding was signed for the deal while President Yoweri Museveni was attending an Africa-China forum in Beijing, a statement issued by his office said.
The block the pair are to explore was not named, though it is in the same prolific basin that is getting ready for production in 2021. CNOOC already holds stakes in that basin, following the government mandated split up of the Tullow blocks several years ago.
“The exploration aims to increase the amount of crude oil produced in Uganda to support the operations of the refinery as well as the oil pipeline,” the statement read.
You must log in to post a comment.