Uganda: Bid round planned for 2015

Uganda is planning a licensing round next year, and the Ministry of Energy and Mineral Development is evaluating bids from consultancy companies to assist with the process. Ministry principal geologist Fred Kabanda told Global Pacific & Partners’ Africa Oil Week conference in Cape Town on 5 November that despite the exploration successes of recent years, the Albertine Graben was only 40% explored, and plenty of prospectivity remained. Many areas had been relinquished, sub-commercial discoveries had been returned to the government, and many identified leads and prospects had not been drilled.