Uganda upbeat about oil

Oil developments in Uganda
are gaining momentum as
exploration in the Lake Albert
area draws to a close – with
estimates of around 230 000
barrels of oil a day at full
production.
With production licences
having been signed it is
hopeful that Uganda will
make its target of producing
oil by no later than 2020.
“Companies have been
appointed to complete the
front end engineering and
design work for oil production
in Lake Albert,” said Roelof
van Tonder, a project analyst
at Africa House. “Exploration
activity has been very
successful with more than
6 million barrel capacity
discovered. More than 1.5
million is estimated to be
recoverable and the project
to start production is moving
ahead.”