Energy Capital & Power

Uganda Signs Deals for Turaco, Kanywataba Exploration

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Uganda. exploration. Bigstock

Exploration in the Turaco block will be conducted over a period of four years while in the Kanywataba contract area, activities will be conducted for an additional two years.

Commenting on the agreements, H.E Ruth Nankabirwa, Minister of Energy & Mineral Development, stated that the two deals mark a “significant milestone in the development of Uganda’s oil and gas sector and highlights Government of Uganda’s commitment to working with the different stakeholders in the sector to ensure the sustainable management of the country’s natural resources.”

The deals come at a time Uganda seeks to fast track the development and exploitation of its estimated 6.5 billion barrels of oil reserves, while accelerating exploration activities and the buildup of storage and transportation infrastructure such as the East African Crude Oil Pipeline.

The East African country is expected to produce its first commercial hydrocarbons in 2025.

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Nicholas Nhede

Nicholas Nhede

Nicholas is an energy sector journalist with a passion on how technology and diversification of the energy mix can be used to address energy sector challenges. Nicholas holds a diploma in Journalism and Communication studies and has been covering energy-related topics including the Internet of Things, distributed energy and digitalisation since 2015.