Nige­rian oil firms win Uganda’s acreages

Daily Trust - - BUSINESS - From Mo­hammed Shosanya, Lagos

The Wal­ter­smith Petro­man, Niger Delta Pe­tro­leum Re­sources (NDPR) and Oranto Pe­tro­leum, all Nige­rian in­de­pen­dent mar­keters, have been awarded two acreages in Uganda, said a re­port is­sued by the Africa oil and gas mag­a­zine.

Wal­ter­smith won the Tu­raco shal­low and deep acreage.

NDPR was paired with Oranto for the Ngassa block.

The re­port said that the Nige­rian com­pa­nies were the only proven hy­dro­car­bon pro­duc­ers, from a list 10 com­pa­nies, which made the fi­nal list for the six blocks.

The other com­pa­nies in­cluded Ar­mour En­ergy Lim­ited of Aus­tralia, Rift En­ergy Cor­po­ra­tion of Canada, Glint En­ergy LLC of USA and Swala En­ergy Ltd of Aus­tralia.

Uganda an­nounced its first com­pet­i­tive bid­ding round for the six ex­plo­ration blocks, in­clud­ing Mvule, Taitai and Karuka, Ngassa, Tu­raco, Kany­wantaba and Ngaji, cov­er­ing a to­tal of 3,000 square kilo­me­tres, in Fe­bru­ary 2015.

Bid­ding doc­u­ments were is­sued to 16 oil firms in Oc­to­ber 2015.

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