Uganda discoveries turn heads, but production may be distant
Discoveries near Lake Albert in landlocked Uganda are awakening exploration interest all along the Albert graben...........
..............“Collectively the results to date indicate that oil from the source interval deep under the lake can migrate all the way across the rift valley to the boundary fault and thus potentially over the whole license, considerably upgrading remaining prospectivity,” Hardman said.
Meanwhile, Tower Resources PLC, London, was starting farmout work on 1.5 million acre Block 5 about 160 km north of the discoveries (OGJ Online, July 18, 2006).
No seismic data are available on the block, which is an unexplored graben known as Rhino Camp near the northern end of the Albert graben.
It is highly probable that reservoir, structure, and seal are present at Rhino Camp, and there are indications from gravity data to support structural presence. The main exploration risk is considered to be the thermal maturity of source rocks, Tower Oil said."
Further geophysical interpretation is being undertaken and new geophysical activity is planned to determine how deep the basin is and, therefore, how analogous Block 5 may be to Block 2.................."
This site is paid for subscription so I do not intend to copy and paste the whole article, which is available for viewing on iii.co.uk, where someone else does not care quite so much.
However regardless of that Uganda Block 5 is looking very intersting back in Septemeber and the risks are now known to us.
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