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Uganda's oil journey to a $15 billion investment

Uganda’s oil journey to a $15 billion investment
April 14, 2021
Written by CRISTAL ADVOCATES
There was palpable excitement in 2006 when Uganda found oil that the government organised national thanksgiving prayers on October 8, 2006 to celebrate this feat.
To the ordinary folk, an immediate economic bonanza that is yet to materialise was imminent! As a nascent country finding oil for the first time, it is not surprising that it has been a long journey to the Final Investment Decision (FID).
There was lot of work to be embarked upon putting in place the necessary legislative framework and enabling infrastructure. Uganda’s petroleum discoveries were made at a time of rising oil prices and ....

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Tullow Oil starts drilling in offshore Ghana

Irish-founded Tullow Oil commenced its multi-well drilling campaign in offshore Ghana yesterday with the start of drilling of the first well at the Jubilee Field.
The company has previously announced that drillship Maersk Venturer has been contracted for four years, and is expected to drill four wells in total in 2021.
The drilling campaign is the first part of Tullow s 10-year business plan which it presented at its Capital Markets Day in November last year.
The four wells it plans to drill this year consist of two Jubilee production wells, one Jubilee water injector well and one TEN gas injector well. ....

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The Big Biz Quiz of 2020

14. Name the telecoms CEO who repeatedly said that it had been a “mistake” to set up a greenfield site in Sligo as the area didn’t have the pool of experienced staff they needed.

16. A Dundalk-based sports rights intermediary, Winlink Marketing, lost a £1.1m (€1.2m) legal claim in the UK against which English football club?

18. Who is to take over as the head of the International Air Transport Association (IATA) from next April?

19. Which airline in December confirmed an order for 75 additional Max 200 jets, bringing its total firm commitment for orders of the aircraft type of 210?

21. In March Dublin-based Irelandia was part of a clutch of investors that took part in a $8.7m (€7.9m) Series A funding for what overseas hotel group? ....

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