Thursday, 7 August 2008

More oil found in Uganda!

Uganda's petroleum potential continues to look great. Tullow Oil and Heritage jointly announced they have struck vast deposits in Kasamene-I well in Butiaba area, Buliisa district.

Petroleum production and exploration department commissioner, Mr Reuben Kashambuzi described the discovery to Daily Monitor as the best to date. "To encounter such a thick and rich structure with clear separation of oil, gas and water......this is stuff of textbooks, an absolutely wonderful discovery,"

Heritage claims that the Buffalo and Giraffe prospects could have up to more than 500 million barrels of oil between them.

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