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Nigerian Firms Bid For Uganda’s Oil

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In October, 2015, the Ugandan government announced that it had qualified 16 firms to submit bids for the blocks in the Albertine Graben.

The government received seven bids for the six exploration blocks on offer, Ugandan newspaper, the Daily Monitor reported.

The three Nigerian companies that submitted bids are: WalterSmith Petroman Oil Limited, Oranto Petroleum International Ltd and Niger Delta Petroleum Resources Ltd.

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

The winners of the blocks are expected to be announced before the end of June. The six blocks they are competing for include the Ngassa, Tai Tai and Karuka, Mvule, Turaco, Kanywantaba, and the Ngaji.

“The attraction of seven bidders is significant taking into consideration the current low global oil and gas prices,” the statement said according to the Daily Monitor.

 

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