According to UNOC, an opportunity to jointly apply for a licence emerged in 2018, and subsequently an MoU was signed by the parties in Beijing.
“The Pelican-Crane block has high potential and is one of the biggest exploration blocks in the Albertine Graben,” UNOC said in a statement released on social media.
The JAA will be submitted to Uganda’s Ministry of Energy and Mineral Development in a process that UNOC expects to culminate in an exploration licence for the block.
For more on UNOC’s upstream vision, read our latest interview with CEO Proscovia Nabbanja.
For more on CNOOC’s plans in Uganda, read our latest interview with CNOOC Uganda president Chen Zhuobiao.
The UK's hydrocarbons regulator has awarded 31 new exploration licences in the country's North Sea waters, Reuters reported on Friday Read More
ExxonMobil announced the closing of its USD 60-billion acquisition of Pioneer Natural Resources on Friday, a move that solidifies its… Read More
BP-Eni joint venture Azule Energy has entered a strategic farm-in agreement with Rhino Resources in Namibia's offshore Orange Basin, the… Read More
Africa-focused energy group Chariot has spudded the RZK-1 exploration well on the Gaufrette prospect at the Loukos Onshore licence in… Read More
Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More
ExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's… Read More
This website uses cookies.