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Tullow waits on Uganda results



By Upstream staff 

UK-based explorer Tullow Oil has drilled its sixth well in western Uganda and expects test results within 10 days, the company said today.

The company has said its preliminary assessment of the gross recoverable reserves in the Albertine basin, which spans Uganda and Democratic Republic of Congo around Lake Albert, was between 100 million and 250 million barrels of oil.

It has also been buoyed by its operations in west Africa, where it said this week it had found up to 600 million barrels of high-quality oil at a block in Ghana owned with Texas-based Anadarko Petroleum.

"We have drilled to just over 1000 metres and we will be running a testing programme over the next 10 days," Tullow Oil Uganda's general manager John Morley told Reuters, referring to its sixth exploration well in the east African nation.

Tullow says it would like to export the Albertine oil via a pipeline to a port on the Kenyan coast about and is assessing whether this would be economic.

In the near term, it plans to develop the Ugandan fields to supply the domestic market with a 4000 barrel per day project due on stream in 2009.


Friday, 22 June, 2007, 12:55 GMT  | last updated: Friday, 22 June, 2007, 12:55 GMT

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