LONDON (ShareCast) – Tullow Oil (LSE: TLW.L – news) said the Awaka-1 exploration well, located in the Butiaba region of Uganda Block 2, has been plugged and abandoned after only encountering water bearing reservoir sands. Read the full story

Popularity: 1% [?]

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. Read the full story

Popularity: 1% [?]

Written by EDRIS KISAMBIRA     
 
KAMPALA, UGANDA – Tullow Oil has made what it has called potentially the largest find in an eight-well drilling campaign in the Butiaba area of the Lake Albert rift basin. 

With many prospects still to drill in the Butiaba area and across the basin on shore and offshore, a company statement quoted Aidan Heavey, Tullow’s chief executive officer saying the prospector is now certain that the commercial threshold for development has been exceeded.

Heavey said Tullow has assigned a dedicated team to deliver a commercial development plan for the overall basin.

In April 2008, Tullow commenced what it termed as a major drilling campaign in the Butiaba area targeting an overall reserve potential in excess of a billion barrels.

To read the rest of this article visit http://www.busiweek.com
http://www.busiweek.com/index.php?option=com_content&task=view&id=826&Itemid=1

Popularity: 1% [?]