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Wednesday, 07 January, 2009, 19:50 GMT | more >>

Dominion given nod for Uganda search



By Upstream staff 

UK-listed Dominion Petroleum has signed a production sharing agreement with the Ugandan government for exploration Block 4B in the south-west of the country.

The first phase of the agreement is set for two years years during which Dominion will spend at least $4 million on geological and geophysical work and on the acquisition of at least 300 kilometres of seismic data.

If Dominion elects to enter a second two-year exploration phase, it will drill at least one exploration well.

Block 4B covers a total area of 2021 square kilometres and lies east and south of Lake Edward in the Eastern Rift Valley.

It is in the same sedimentary basin as Lake Albert, the site of significant oil discoveries during 2006 and 2007.

Dominion said the area covered by Block 4B offers exploration potential that is comparable to that of the area around Lake Albert.


Monday, 30 July, 2007, 07:59 GMT  | last updated: Monday, 30 July, 2007, 08:03 GMT

Celebration: Dominion has been given green light for Uganda exploration
 

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