Afrol News, 14 January – Ugandan oil explorer, Heritage Oil and Gas has discovered one of the largest oilfields in northern Uganda, surpassing a Buffalo well discovered in December last year.

Giraffee-1 exploration well in the Lake Albert region in Amuru which the company claims it could be the largest onshore discovery in sub-Saharan Africa is expected to yield the company at least 400 million barrels of crude oil. According to the company’s communiqué the Giraffe-1 well covers an estimated 48 square kilometres.

Heritage’s chief executive officer, Tony Buckingham said the large Buffalo and Giraffe structure is a world-class discovery which could prove to be substantially more extensive than currently outlined, unlocking the multi-billion barrel potential of Block 1.

Mr Buckingham said they now had reserves way above the commercial threshold for development. He said 2009 will be very active as the developmental phase starts to take shape in the Albert Basin, alongside continuing well appraisal and exploration of the basin.
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