BREAKING: Nigerian Companies, 14 Others Shortlisted for Uganda’s Oil Block Licences

Uganda shortlisted two Nigerian companies and 14 others for participation in its first round of oil exploration licenses after it lifted a permitting moratorium that had been in place since 2007.

The East African country  shortlisted  Oranto Petroleum and Waltersmith Petroman Oil , both based in Nigeria as well as U.K.’s Tullow Ltd., India’s Oil & Natural Gas, Australia’s Armour Energy and Norway’s Petrica Energy,  Uganda’s Petroleum Exploration and Production Department said today in e-mailed statement.

Other companies shortlisted include Rift Energy Uganda, South Africa’s African Exploration Venture, Turkey’s Petoil and UAE’s MDC Oil & Gas Holding, it said.

More than 400 companies, both local and international expressed interest for oil blocks in the country during preliminary stages for the expression of interest. Uganda Energy ministry will now request development proposals from the shortlisted companies, according to the statement.

Uganda which says it holds an estimated 6.5 billion barrels of oil, expects to begin producing crude in 2018, 12 years after it was first discovered in the East African nation.

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