OIL PRODUCTION LICENSES ISSUED

OIL PRODUCTION LICENSES ISSUED

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The Ministry of Energy and Mineral Development has today issued 8 production licenses over the Oil fields in the Exploration 2 Area.

Five production licenses were issued to Tullow Uganda Operations Pyt Limited, while the other 3 were issued to Total E&P Uganda.

 

According to the Minister, Irene Muloni, the issuance of the licenses to the exploration companies follows the conclusion of evaluation of applications.

 

Tullow and Total applied as operators of the two exploration areas, which they will share with CNOOC Uganda Limited.

 

The granting of these production licenses now means the companies should get ready to implement their strategy in the actual production expected to commence in 2018.

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