GOOD PROSPECTS FOR LARGE OIL RESEVES IN EASTERN UGANDA, SAYS GOVT

KAMPALA, Dec 9 – There are good prospects of finding large commercial deposits of oil in areas around Hoima town and Moroto district in eastern Uganda, the government says.

Areas with good prospects around Hoima town are located in the Hoima sedimentary basin, while those in Moroto are in the Kadam-Moroto sedimentary basin.

The two sedimentary basins are part of six areas which geological studies in the 1990s showed could be having oil deposits, says State Minister for Minerals Peter Lokeris. The other sedimentary basins include the Albertine, Lake Victoria, Lake Kyoga and Lake Wamala.

However, Lokeris said the Albertine basin was the most productive so far. he told New Vision that the government had deployed geo-scientists around Hoima town and the Kadam-Moroto basin to carry out conclusive studies.

He said the government had decided to begin with the Hoima and Kadam-Moroto basins because they had good prospects, if the 1990s studies are anything to go by.

“We will also go back to Lakes Victoria, Kyoga and Wamala for similar studies, but these areas are not as promising as the Hoima and Kadam-Moroto basins. If commercial oil deposits are not confirmed, we shall abandon them.”

Lokeris was speaking after the launch of a two-year project by the Africa Institute for Energy Governance and National Association of Professional Environmentalists to mobilise the youth to demand for accountability in the oil industry in Kampala last Friday.

A senior communications officer in the ministry’s petroleum exploration and production department, Gloria Sebikari, told New Vision that the Hoima sedimentary basin covered areas near Hoima Town along the Hoima-Kampala highway.

A total of 6.5 billion barrels of oil have so far been discovered in the Albertine graben. Only 40 per cent of the Albertine basin has been explored for oil and the Government plans to give out more exploration licences to oil companies next year.

SOURCE: NEW VISION

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