Total unearths Uganda drilling plans

Tower Resources

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News Wires

 13 April 2012 14:25 GMT

Total is to drill at least seven wells on an exploration block it operates in Uganda, according to a report.

The French major is to throw $300 million at exploration and appraisal projects in two areas of operation in the East African country this year, Dow Jones reported, citing a company executive.

Loic Laurandel, head of Total’s Ugandan subsidiary, revealed the company’s plans in a presentation to a parliamentary panel on Friday, Dow Jones reported.

The $300 million kitty would be ploughed into at least seven probes on Exploration Area (EA) 1 which Total recently took control over from Tullow Oil.

"A very intensive appraisal program is being carried out in order to maximise the potential of the block,” Dow Jones quoted…

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