INTERVIEW-Heritage Oil sees Uganda oil production next year

Fri Mar 13, 2009 11:28am GMT
 

* Sees Tullow wells producing in 2010, Heritage in 2011

* Considering consortium to fund required infrastructure

By Duncan Miriri

MOMBASA, Kenya, March 13 (Reuters) - British explorer Heritage Oil (HOC.TO: Quote) expects oil production to start at Ugandan wells in 2010, a senior company official said on Friday.

Heritage and partner Tullow Oil (TLW.L: Quote) found crude in several wells dug between 2006 and 2008 in the Albertine Basin, which spans Uganda's border with Democratic Republic of Congo.

Energy prospectors are increasingly turning off the beaten path and searching east and central Africa for hydrocarbon deposits, although experts warn the global financial crisis is threatening to stem some of those plans.

"The earliest production could be next year and that is Tullow. They may be producing by 2010 into a small topping plant," Heritage's vice president for exploration and production, Brian Smith, told Reuters in an interview.

"Heritage is hopeful that we can begin production in 2011," he said on the sidelines of a regional oil and gas meeting in the Kenyan port city of Mombasa.  Continued...

Photo
Life with the lions

Kenya’s Maasai warriors are known for being fearless lion killers but times have changed and the country’s lion’s population is in danger of being wiped out. Now the Maasai in southern Kenya are taking part in an initiative to preserve the big cats.  Blog 

 
Photo
Is an independent south Sudan now inevitable?

So, is it now inevitable that Sudan’s oil-producing south will decide to split away from the north as an independent country in a looming secession referendum in 2011?  Blog 

 
Photo
Do Ethiopia’s politicians mean it on democracy?

On the evening of the 20th of March 1878, Ethiopia’s two great rivals, Emperors Yohannes IV and Menelik II, came face-to-face to thrash out their differences.  Blog 

 
Photo
The African brain drain

Africa is suffering from a massive brain drain and it’s questionable whether enough of those highly motivated students studying in America will return home in large enough numbers to really make a difference...  Blog 

 
Photo
Is Sudan’s Darfur crisis getting too much attention?

Activists often say that the world is not paying enough attention to Sudan’s Darfur crisis. But could the opposite be true?   Blog 

 
Photo
Vatican synod urges corrupt African leaders to quit

Roman Catholic bishops called on corrupt Catholic leaders in Africa on Friday to repent or resign for giving the continent and the Church a bad name.  Blog