Uganda – Invitation to invest
In February 2020 Tribes Resources visited Uganda. A dataroom was visited and an early production development project was identified.
- Develop oil field in Uganda
- Create opportunities for further exploration and production of oil and gas in Africa.
- Location: onshore Uganda – Lake Albert
- STOIIP: 42 million bbl
- Hydrocarbon type: Oil (30 °API)
- Expected reserves: 10 million bbl
- Current value: $ 700 million (at 70 $/bbl)
- Plan: drill 3 wells, construct facilities and pipelines
- 2 wells drilled
- Moveable oil proven
- Biggest structure with possible hydrocarbons in Uganda
- Integrated development with other opportunities possible
- Significant exploration potential: STOIIP >400 million bbl
- Confirmation of feasibility
- Health, Safety and Environment
- Local content development
More information available after signing MOU.