bidders<\/a>\/Qualified Applicants were issued with the bidding documents on 1st October 2015.<\/p>\nMr Ernest Rubondo, Director of Petroleum Directorate, in a presentation \u201cOverview of the Oil and Gas Sector and Key Aspects of the First Licensing Round\u201d gave status of legislation and institutional framework in the oil and gas sector and emphasized that the process and criteria that will be used when evaluating the best responsive bids.<\/p>\n
Rubondo said that implementation of this licensing round will continue to be undertaken in the most transparent and predictable manner in alignment with the National Oil and Gas Policy for Uganda and the Petroleum (Exploration, Development and Production) Act 2013, which provide for the implementation of competitive licensing round for petroleum exploration blocks in Uganda.<\/p>\n
According to Minister of State for Minerals Honourable Peter Lokeris the key objectives of the licensing round are to: attract more investments in Uganda\u2019s oil and gas industry; expand the resource base with a view to improve revenue base; enhance the sustainability of oil and gas production; and, respond to the investors who have expressed interest in the oil and sector.<\/p>\n
He pointed out key incentives such as the in place of legal and regulatory frame work in, political stability to make investments in oil and gas sector secure and well established petroleum systems in the country.<\/p>\n
\u201cGovernment is committed to developing the oil and gas industry in the country in partnership with all the stakeholders in an efficient and effective manner to the benefit of all Ugandans, the East African region and create value to investors.\u201d He said.<\/p>\n
The six biddable blocks comprise of the Ngassa (410 Km2 ) in Hoima District, Taitai&Karuka (565 Km2 ) in Buliisa District, Ngaji (895 Km2 ) in Rukungiri&Kanungu Districts, Mvule (344 Km2 ) in Moyo and Yumbe Districts together with Turaco (425 Km2 ) and Kanywantaba (344 Km2 ) in Ntoroko District.<\/p>\n","protected":false},"excerpt":{"rendered":"
Uganda through the Ministry of Energy and Mineral Development on last week held the bidders conference for the ongoing licensing round to provide clarifications to the request for proposals documents, … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":2905,"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":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[11],"tags":[3803,3515,3806,802,837,3358,3805,1586,3807,3804,2004,2082,2603],"class_list":["post-4143","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-bidders","tag-development","tag-dr-f-a-kabagambe-kaliisa","tag-ernest-rubondo","tag-exploration","tag-first-licensing-round-for-petroleum-exploration","tag-minister-of-state-for-minerals","tag-ministry-of-energy-and-mineral-development","tag-national-oil-and-gas-policy","tag-peter-lokeris","tag-petroleum","tag-production","tag-uganda","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/05\/Uganda-oil-blocks.png?fit=446%2C628&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-14P","jetpack-related-posts":[{"id":4609,"url":"https:\/\/www.oilnewskenya.com\/index.php\/ugandas-first-licensing-round-down-to-seven-bidders\/","url_meta":{"origin":4143,"position":0},"title":"Uganda’s First Licensing Round down to seven bidders","author":"","date":"April 24, 2016","format":false,"excerpt":"Government of Uganda through the Ministry of Energy and Mineral Development has received seven bidders for the blocks in Albertine Graben which were put up for licensing with the deadline for submission set for 26th February 2016. The firms that submitted bids are: Armour Energy Limited of Australia, WalterSmith Petroman\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\/05\/Uganda-oil-blocks.png?fit=446%2C628&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":4898,"url":"https:\/\/www.oilnewskenya.com\/index.php\/uganda-invites-five-bidders-to-negotiate-psas-in-first-competitive-licensing-round\/","url_meta":{"origin":4143,"position":1},"title":"Uganda invites Five Bidders to negotiate PSA\u2019s in first competitive licensing round","author":"","date":"August 3, 2016","format":false,"excerpt":"The Ministry of Energy and Mineral Development has announced it has completed evaluation of bids for the first competitive licensing round and invited the successful companies to negotiate Production Sharing Agreements (PSAs). Four companies from Nigeria and Australia have been invited to negotiate for PSAs for three blocks blocks as\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\/05\/Uganda-oil-blocks.png?fit=446%2C628&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":3892,"url":"https:\/\/www.oilnewskenya.com\/index.php\/uganda-issues-bid-documents-to-16-companies-under-the-first-licensing-round\/","url_meta":{"origin":4143,"position":2},"title":"Uganda issues bid documents to 16 companies under the First licensing round","author":"","date":"October 8, 2015","format":false,"excerpt":"The Government of Uganda (GOU) through the Ministry of Energy and Mineral Development has issued the bidding document to the 16 Qualified Applicants which were successful following the evaluation of applications from 19 companies that had applied in the Request for Qualification stage. The bidding document comprise of Request 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\/2015\/08\/oil-discoveries-Uganda.png?fit=436%2C614&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":4439,"url":"https:\/\/www.oilnewskenya.com\/index.php\/nigerian-australian-companies-dominate-uganda-bids-round\/","url_meta":{"origin":4143,"position":3},"title":"Nigerian, Australian Companies Dominate Uganda Bids Round","author":"","date":"March 7, 2016","format":false,"excerpt":"Three of seven firms that have submitted bids for the next round of licensing in Uganda\u2019s licensing round are from Nigeria according to the ministry of energy. Among the companies include WalterSmith Petroman Oil Limited, Oranto Petroleum International Ltd, Niger Delta Petroleum Resources Ltd \u00a0all from Nigeria as well as\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\/05\/Uganda-oil-blocks.png?fit=446%2C628&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":3228,"url":"https:\/\/www.oilnewskenya.com\/index.php\/uganda-government-shortlists-16-firms-first-petroleum-licensing-round\/","url_meta":{"origin":4143,"position":4},"title":"Uganda Government Shortlists 16 firms in First Petroleum Licensing Round","author":"","date":"August 11, 2015","format":false,"excerpt":"The government of Uganda has announced that it has concluded the evaluation of Applications for Qualification from the 17 firms that submitted the Applications following a successful First Licensing Round for Petroleum Exploration, Development and Production. According to Permanent Secretary of the Ministry of Energy & Mineral Development Dr. F.A\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\/08\/uganda-with-flag.jpg?fit=400%2C400&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":7698,"url":"https:\/\/www.oilnewskenya.com\/index.php\/uganda-to-offer-5-new-blocks-in-second-licensing-round\/","url_meta":{"origin":4143,"position":5},"title":"Uganda to Offer 5 New Blocks in Second Licensing Round","author":"","date":"May 15, 2019","format":false,"excerpt":"The government of Uganda has announced that it will be offering five blocks situated in the Albertine Basin in its second licensing round including two blocks earlier offered in the first round. The five blocks namely: LR2_2019_Block01 (Avivi), LR2_2019_Block02 (Omuka), LR2_2019_Block03 (Kasuruban), LR2_2019_Block04 (Turaco) and LR2_2019_Block05 (Ngaji). Speaking at the\u2026","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/05\/2nd-LICENSING-ROUND-OF-UGANDA.jpg?fit=1200%2C615&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/05\/2nd-LICENSING-ROUND-OF-UGANDA.jpg?fit=1200%2C615&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/05\/2nd-LICENSING-ROUND-OF-UGANDA.jpg?fit=1200%2C615&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/05\/2nd-LICENSING-ROUND-OF-UGANDA.jpg?fit=1200%2C615&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/05\/2nd-LICENSING-ROUND-OF-UGANDA.jpg?fit=1200%2C615&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/4143","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\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=4143"}],"version-history":[{"count":2,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/4143\/revisions"}],"predecessor-version":[{"id":5632,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/4143\/revisions\/5632"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/2905"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=4143"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=4143"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=4143"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}