Project Profile
Value: US$200 million
Location: Lake Albert and the surrounding onshore area
Start-up Year: 2012
The project will see the development of an onshore oil prospects found in the northwest of the country and covers the northern part of Lake Albert and the surrounding onshore area. The Waraga, is similar to the original discovery well Mputa, in that it has essentially three zones of oil bearing sands. At Waraga the upper zone is better constrained by logging and pressure measurements where we have a reservoir, 32 metres thick, with an oil column height extending over some 45 metres with a net to gross in excess of 50%. A middle oil zone of approximately 27m and a lower oil zone of 5m have been encountered, in fair to excellent quality reservoir rock. The Waraga oil in all zones is believed to be of good quality (c. 30- 40 API). This is an encouraging sign from both a reservoir flowing point of view as well as commercial standpoint where the crude may need minimal refining. The lower zone at both Waraga and Mputa is less well constrained though has considerable potential both at these locations and laterally. This zone extends vertically from 50-200 metres and consists of interbedded sands and shales.
Hardman Resources has estimated that its Mputa and Waraga discoveries in Uganda have estimated total recoverable reserves of up to 30 million barrels of oil.
Operators:
Tullow Uganda Limited: Operator with 33.33% interest
China National Offshore Oil Corporation (CNOOC): 33.33% interest
Total: 33.33% interest
Contractors:
Dietswell: Topsides design
Wood Group UK: FEED contract