JOHANNESBURG – Uganda, which develops oil spills but is about to start production, will open another round of oil exploration in May 2019, a government official said on Tuesday.
Uganda discovered 6.5 billion barrels of hydrocarbon deposits in the Albertine basin 12 years ago near its border with the Democratic Republic of Congo, but production has been repeatedly delayed by disagreements with oil companies in the area of rural development and tax litigation.
"First we will have a road show and then we will launch the tender next May," said Ernest Rubondo, chief executive of the Uganda oil ministry, in an interview for the Reuters conference.
Total and China CNOOC are trying to start production in Uganda, but both said they will not be able to do it before 2021, as the government's 2020 target is missing.
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