UGANDA;Country picks Nigerian, Australian firms for oil licensing round
Uganda has picked three Nigerian companies and one from Australia for its oil exploration licensing round, inviting them to negotiate for production sharing agreements, it said on Monday.
It announced its first competitive bidding round for six exploration blocks, covering a total of 3,000 square kilometres (1,150 square miles), in February 2015.
Bidding documents were issued to 16 oil firms but only seven submitted bids.
Uganda has picked three Nigerian companies and one from Australia for its oil exploration licensing round, inviting them to negotiate for production sharing agreements, it said on Monday.
It announced its first competitive bidding round for six exploration blocks, covering a total of 3,000 square kilometres (1,150 square miles), in February 2015.
Bidding documents were issued to 16 oil firms but only seven submitted bids.