{"id":397,"date":"2014-01-27T10:16:05","date_gmt":"2014-01-27T10:16:05","guid":{"rendered":"http:\/\/oilnewskenya.com\/?p=397"},"modified":"2015-09-02T20:29:18","modified_gmt":"2015-09-02T20:29:18","slug":"uganda-set-to-sign-pact-with-tullow-to-allow-for-oil-production","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/uganda-set-to-sign-pact-with-tullow-to-allow-for-oil-production\/","title":{"rendered":"Uganda set to sign pact with Tullow to allow for oil production"},"content":{"rendered":"

Story by Reuters<\/a><\/p>\n

Uganda has completed negotiations with Britain’s\u00a0Tullow Oil<\/em>\u00a0and its partners and will soon sign an agreement that could pave the way for the start of crude production. East Africa’s third-largest economy struck hydrocarbon deposits in the Albertine rift basin but commercial production has been delayed and is not expected until 2016 at the earliest.<\/p>\n

In a speech at a private function for Tullow late on Thursday and seen by Reuters on Friday, energy minister Irene Muloni said the government would shortly sign the memorandum of understanding (MoU) with\u00a0Tullow<\/em>\u00a0and its partners, France’s\u00a0Total\u00a0<\/em>and China’sCNOOC<\/em>. Developing Uganda’s oil fields and building the required infrastructure would cost between $15 billion and $22 billion, although there were plans to try to reduce that, Muloni said.<\/p>\n

‘Negotiations about this MoU are now fully complete and we anticipate its signing very soon. This is a significant milestone since the market framework is critical for the commitment of project financing,’ she said. Muloni did not say when the signing would take place. The pact will detail the facilities required to be put in place, such as pipelines and a refinery, the roles of the different parties, and the flow rates for oil fields before actual production can start.<\/p>\n

Uganda, which has 3.5 billion barrels worth of crude reserves, has agreed with oil firms to both a medium scale domestic refinery and a pipeline connecting to Kenya’s newly-built Indian Ocean port of Lamu to export excess crude. The refinery is to start with a small processing capacity of 30,000 barrels per day but is expected to be scaled up and capped at 60,000 barrels.<\/p>\n

Tullow has previously said Uganda could earn about $50 billion from its oil resource over the fields’ production life, estimated to be several years.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Story by Reuters Uganda has completed negotiations with Britain’s\u00a0Tullow Oil\u00a0and its partners and will soon sign an agreement that could pave the way for the start of crude production. East … Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":398,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[6],"tags":[476,752,1179,3558,2533,2571,2603,2607],"class_list":["post-397","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-by-others","tag-cnooc","tag-energy-minister","tag-irene-muloni","tag-production-agreement","tag-total","tag-tullow-oil","tag-uganda","tag-uganda-oil","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/01\/uganda.jpg?fit=226%2C223&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-6p","jetpack-related-posts":[{"id":5099,"url":"https:\/\/www.oilnewskenya.com\/index.php\/uganda-issues-8-production-licences-to-tullow-and-total-ep\/","url_meta":{"origin":397,"position":0},"title":"Uganda Issues 8 production licences to Tullow and Total E&P","author":"","date":"August 30, 2016","format":false,"excerpt":"Uganda\u2019s minister for energy and minerals Eng Irene Muloni, has issued 8 production licences to Tullow and Total E&P. Muloni re-echoed the need to fast track the production which she says is expected to start by 2020. Speaking during the signing of the addendum to existing Production Sharing Agreements for\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/08\/Irene-Muloni.jpg?fit=960%2C540&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/08\/Irene-Muloni.jpg?fit=960%2C540&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/08\/Irene-Muloni.jpg?fit=960%2C540&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/08\/Irene-Muloni.jpg?fit=960%2C540&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":467,"url":"https:\/\/www.oilnewskenya.com\/index.php\/uganda-to-sign-memo-with-oil-firms-over-production-ministry\/","url_meta":{"origin":397,"position":1},"title":"Uganda to sign memo with oil firms over production-ministry","author":"Samuel Kamau Mbote","date":"February 6, 2014","format":false,"excerpt":"Source: Reuters Uganda will sign a memorandum of understanding on Thursday with Britain's Tullow Oil, France's Total and China's CNOOC, an Energy Ministry spokesman said, in a vital step towards starting oil production in the country East Africa's third-largest\u00a0economy\u00a0struck hydrocarbon deposits in 2006 but commercial production has been delayed and\u2026","rel":"","context":"In "News by others"","block_context":{"text":"News by others","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/news-by-others\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/02\/minister-eng-irene-muloni.jpg?fit=480%2C322&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":5406,"url":"https:\/\/www.oilnewskenya.com\/index.php\/ugandan-president-to-open-uganda-international-oil-gas-summit-next-week\/","url_meta":{"origin":397,"position":2},"title":"Uganda’s President to Open Uganda International Oil & Gas Summit next week","author":"","date":"November 18, 2016","format":false,"excerpt":"The 2nd Uganda International Oil & Gas Summit is being hosted by the Ministry of Energy & Mineral Development His Excellency, President Museveni will give the keynote and welcoming address at the forthcoming 2nd\u00a0Uganda International Oil & Gas Summit (UIOGS) taking place at the Kampala Serena on\u00a022-23 November 2016. The\u2026","rel":"","context":"In "Events"","block_context":{"text":"Events","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/events\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/11\/Hon-Minister-Irene-Muloni-attends-UIOGS-2015-2.JPG.jpg?fit=1200%2C806&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/11\/Hon-Minister-Irene-Muloni-attends-UIOGS-2015-2.JPG.jpg?fit=1200%2C806&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/11\/Hon-Minister-Irene-Muloni-attends-UIOGS-2015-2.JPG.jpg?fit=1200%2C806&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/11\/Hon-Minister-Irene-Muloni-attends-UIOGS-2015-2.JPG.jpg?fit=1200%2C806&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/11\/Hon-Minister-Irene-Muloni-attends-UIOGS-2015-2.JPG.jpg?fit=1200%2C806&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":5390,"url":"https:\/\/www.oilnewskenya.com\/index.php\/uganda-tanzania-pipeline-to-be-built-by-multiple-contractors\/","url_meta":{"origin":397,"position":3},"title":"Uganda-Tanzania pipeline to be built by multiple contractors","author":"","date":"November 14, 2016","format":false,"excerpt":"Tanzania and Uganda have agreed to award the construction of the crude oil pipeline from Hoima to Tanga to multiple contractors in a bid to speed up the project. In a meeting between Tanzanian President John Magufuli and his Ugandan counterpart, Yoweri Museveni the two leaders suggested the project might\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/10\/Kenya-Uganda-pipeline-design-1.jpg?fit=900%2C610&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/10\/Kenya-Uganda-pipeline-design-1.jpg?fit=900%2C610&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/10\/Kenya-Uganda-pipeline-design-1.jpg?fit=900%2C610&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/10\/Kenya-Uganda-pipeline-design-1.jpg?fit=900%2C610&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":6575,"url":"https:\/\/www.oilnewskenya.com\/index.php\/uganda-lures-drc-east-africa-crude-oil-project\/","url_meta":{"origin":397,"position":4},"title":"Uganda Lures DRC into the East Africa Crude Oil Project","author":"","date":"November 29, 2017","format":false,"excerpt":"The Uganda government is trying to interest the Democratic Republic of Congo to use the East Africa crude oil project (EACOP) to export its oil. Earlier this week\u00a0Minister of Energy and Mineral Development, Eng Irene Muloni hosted a delegation of Congolese Officials led by the DRC Minister of Hydrocarbons Prof\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/11\/EACOP-route.jpg?fit=632%2C563&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/11\/EACOP-route.jpg?fit=632%2C563&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/11\/EACOP-route.jpg?fit=632%2C563&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":471,"url":"https:\/\/www.oilnewskenya.com\/index.php\/uganda-signs-deal-to-enable-refinerypipeline-construction\/","url_meta":{"origin":397,"position":5},"title":"Uganda signs deal to enable refinery and pipeline construction","author":"Samuel Kamau Mbote","date":"February 7, 2014","format":false,"excerpt":"Uganda can now kick start the building of a refinery after the government and three oil companies that have struck oil in the country signed a memorandum of understanding at State house Entebbe. The MOU sets up Uganda as a future oil producer and places the necessary checks by laying\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/02\/uganda-oil-001.jpg?fit=460%2C276&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/397","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=397"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/397\/revisions"}],"predecessor-version":[{"id":3302,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/397\/revisions\/3302"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/398"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}