Tuesday, June 09, 2009

uganda's oil reserves rival saudi arabia’s

Busiweek | Uganda's oil reserves could be as much as that of the Gulf countries, a senior official at the US Department of Energy has said.
Based on the test flow results encountered at the wells so far drilled and other oil numbers, Ms. Sally Kornfeld, a senior analyst in the office of fossil energy went ahead to talk about Uganda's oil reservoirs in the same sentence as Saudi Arabia.

"You are blessed with amazing reservoirs. Your reservoirs are incredible. I am amazed by what I have seen, you might rival Saudi Arabia," Kornfeld told a visiting delegation from Uganda in Washington DC.

The group of Ugandans was in Washington on an international visitor programme and looked at the efficient use of natural energy resources.

The group comprised Ministry of Energy officials, a Member of Parliament, members from the civil society and one journalist.

At present, Uganda has four oil prospectors on the ground including Heritage Oil, Tullow Oil, Tower Oil and Dominion Oil.