Uganda’s confirmed petroleum resource base is currently estimated at 6.5 billion barrels of Stock Tank Oil-Initially-In-Place (STOIIP). Of this, between 1.4 to 1.7 billion barrels are estimated to be recoverable.
UNOC plays two roles in the upstream.
- State Participation with Joint Venture Partners.
- Exploration and New Ventures.
UNOC is mandated to hold 15% participating interest as GoU nominee or on behalf of the State in the nine (9) Petroleum Production Licenses covering fields that are planned to be developed as part of the Tilenga and Kingfisher Projects.
The Tilenga Project is located in the north of Lake Albert and constitutes License Areas (LA) 1 and 2. Our partners are Tullow Uganda Limited, Tullow Uganda Operations Pty Limited, CNOOC Uganda Limited and Total E&P Uganda B.V.
Total E&P Uganda B.V and Tullow Uganda Operations Pty Limited are Operators for LA 1 and LA 2 respectively. The Project is currently at the phase of Front-End Engineering Design (FEED) and awaiting Final Investment Decision to be taken.
The Kingfisher Development Area (KFDA) is located in the southeastern part of Lake Albert. Our partners are Tullow Uganda Limited, Total E&P Uganda B.V and CNOOC Uganda Limited. CNOOC Uganda Limited is the Operator. KFDA is currently at the phase of Front-End Engineering Design (FEED) and awaiting Final Investment Decision to be taken.
Exploration and New Ventures
UNOC is uniquely positioned to play a key role in ensuring the sustainability of petroleum production through reserves replacement for the country.
UNOC has submitted licence applications for two blocks under review by the Ministry of Energy and Mineral Development. Once approved UNOC will do an open tender for a strategic partners for a block. We see ourselves as a new sector player that can drive exploration through strategic partnerships whilst building our skills and capacity to be an independent operator in the long term.
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