Nigeria’s Oranto Petroleum said it has signed two production sharing agreements with Uganda to explore for oil and gas around Lake Albert.
Oranto is among several companies, including Australia’s Armour Energy, that last year bid in Uganda’s first competitive oil exploration licensing round.
Chairman of Oranto Petroleum, Prince Arthur Eze, said the company is excited to enter this agreement.
Uganda’s Ministry of Energy and Mineral Development said the deal covers the Ngassa Shallow Play and Ngassa Deep Play exploration blocks located near the southern part of Lake Albert.
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