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    Serere by-election: Opposition undecided on joint candidate

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    Gold overtakes coffee as Uganda’s leading export earner

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    PLE: Experts suspect Uneb of falsely manufacturing results

    PLE: Experts suspect Uneb of falsely manufacturing results

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    KCCA relocates over 160 street children to better facilities

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    How Ugandan Gov’t is paying up billions to clean up its blood tainted image

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    PLE 2022 Candidates performed better – UNEB

    Three journalists brutally assaulted for exposing rot at Entebbe Airport

    Three journalists brutally assaulted for exposing rot at Entebbe Airport

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    Body of Ugandan trader shot in Rwanda repatriated

    Entebbe Airport: Staff arrested as extortion rocks Entebbe Airport

    Entebbe Airport: Staff arrested as extortion rocks Entebbe Airport

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    “Only Museveni can censure me”- Namuganza fires back at Amongi

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    FDC’s bigwig faces expulsion for publicly supporting Muhoozi

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    Trouble as 40 FDC big wits cross to NUP

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    TikTok Award: No Ugandan creator worthy being celebrated

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    New Twist: Pr. Bugingo narrates how Teddy bribed Suzan with millions to dump him

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    “She is Misplaced”- Finance, ICT ministries refute Akol’s claims on OTT

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    Gov’t to drop OTT tax and Introduce a tax on all internet bundles

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    Revamped Namanve industrial park to create 200,000 jobs

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    Best Effective Ways on How to avoid Corona Virus

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    Six health centers upgraded to general hospital status

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    Healthy Ministry acquires Equipment worthy shs700 in the fight against Ebola

    Govt to re-immunize all children again

    Govt to re-immunize all children again

    An Expectant mother loses baby after failing to raise Shs 100,000

    Makerere Student found Operating illegal clinic for 12 years

    Makerere Student found Operating illegal clinic for 12 years

    Uganda’s High rate of incest has reached worrying levels —Health ministry Officials

    Uganda’s High rate of incest has reached worrying levels —Health ministry Officials

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    A quack (fake) doctor who has carried out 13 operations in Gov’t Hospital on police’s most wanted

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    White House & US Senate reach deal on a whooping $2 trillion coronavirus spending bill

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More Oil wells have been discovered in Elgon region

Lukwago Joseph by Lukwago Joseph
April 10, 2019
in Business
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More Oil wells have been discovered in Elgon region
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Oil seeps have been encountered in the Elgon region, indicating the potential existence of commercial quantities of oil and gas in northeastern Uganda. Honey Malinga, the director of petroleum at the energy ministry, yesterday said the finding of the oil seeps had raised hope of the existence of a petroleum system in the deep basin, lying in between Mt Elgon and Mt Moroto in Karamoja.

“The oil seep at the foot of Mt Elgon indicates the potential existence of oil and gas in the area. We are undertaking further studies in the area. Much exploration work has been undertaken in the Albertine Graben, we are now targeting Moroto-Kadam basin,” Malinga said while addressing the Oil and Gas Convention going on at Speke Resort, Munyonyo.

Oil seeps are natural hydrocarbon stocks characterised by natural lowrate escape of liquid or gaseous crude oil and tar, also known as oil seepages, to the earth’s atmosphere and surface. Oil and gas deposits are found in sedimentary basins and this basin area is dubbed the Moroto-Kadam basin, stretching from Karamoja to Teso sub-region.

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Geological studies in the 1990s showed that the Albertine Graben and Moroto-Kadam sedimentary basins could be having oil deposits, according to the energy ministry. The other sedimentary basins include lakes Victoria, Kyoga and Wamala. But these are not considered as promising as the Albertine and Moroto-Kadam basins.

The commercial quantities of oil discovered so far in Uganda stands at six billion barrels, with about 1.4 barrels to 1.7 barrels being recoverable. Malinga said the Government intends to invite investors to bid to explore more oil blocks in May.

The launch will be held during the East African Oil and Gas Conference in Mombasa. He explained that the Government had the geotechnical data and information which has confirmed existing petroleum systems the explorers will bid for. He urged the banking sector to be more active to provide financial services to local enterprises seeking to do business in the oil and gas sector.

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Lukwago Joseph

Lukwago Joseph

Lukwago Joseph grew up in a newspaper family, and rumor has it that instead of playing the guitar in his infancy, his parents put a reporter’s notebook and a pen next to him shortly after he turned born eight years. Before becoming editor of UGANDANZ, Lukwago was a parliament news editor for WBS TV. He joined UGANDANZ in July 2018, A few months after the company launched. Lukwago also spent five years as a freelance reporter, where he covered reporting for the highest bidder, intelligence, foreign policy, and Ugandan police. Lukwago graduated from Makerere University in 2008 with a B.A. in Journalism and worked on his college newspaper.

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