Uganda: Oranto signs PSAs for Ngassa


Issue 355 - 12 Oct 2017 | 1 minute read

Nigeria’s Oranto Petroleum on 10 October signed two production-sharing agreements (PSAs) for the shallow and deep plays in the Ngassa Block on Lake Albert. The block has been stratigraphically delineated, with two licences issued vertically over the same area. The ministry said this aimed to ensure that the full potential of the acreage was explored, since companies could be inclined to relinquish shallow reservoirs, which tend to be more gas prone in the Albertine Graben, as opposed to the deep reservoirs, which are more oil prone.

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