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Uganda gives Nigerian firm, Oranto Petroleum, two more years to explore oil

by CEO Reporter
The Ngassa block, which was part of Exploration Area 2 (EA2) licensed to Tullow Uganda Operations Pty Ltd (Tullow), was relinquished back to the Government of Uganda in 2011 as per the obligations in the Production Sharing Agreement (PSA).

Uganda has extended an oil exploration license to Nigeria’s Oranto Petroleum Ltd. by two years after the company asked for compensation for time lost during the Covid-19 pandemic.The permit had…

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