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Last updated: 20 Mar 2013
Following the sale of a two thirds interest in the Lake Albert Rift Basin to CNOOC and Total in February 2012, the Group now has an aligned partnership focused on completion an appraisal programme and development of the basin. In Namibia, following the signing of the Kudu field Petroleum Agreement in the third quarter of 2011, negotiations have resumed with NamPower to finalise the Project Development Agreement and Gas Sales Agreement heads of terms for the Kudu project, so that the design phase of the project can proceed.
| Country | Developments |
Sanction Decision |
First Production |
No. of Wells |
Status |
|---|---|---|---|---|---|
| Namibia | Kudu | End 2013 | 2016-2017 | 3-4 | Significant agreement progress made in 2012 with Namibian Government and Partners. Detailed FEED work commenced. Project sanction will require closure of gas sales agreement to new power station. |
| Uganda | Basin Wide Development | 2014 | 2017-2018 | 700+ | A basin wide development plan is being prepared by the partnership incorporating upstream development across the 3 Blocks, including refining and export infrastructure. |
*Data from latest fact book.