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.However, it might be a considerable time before crude oil begins flowing from this remote area of Central Africa. It could take one to three years before commerciality could be determined.It is a good 700 miles from the Albert graben to the Indian Ocean coast at Mombasa, Kenya. It would take certification of 300-500 million bbl of recoverable oil to support construction of a pipeline. Smaller reserves might support construction of Uganda’s first refinery.Even modest discoveries could be economic because the local costs of refined petroleum products is very high, particula...

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