more oil discovered in bunyoro

More oil discovered in Bunyoro

Thursday, 21st June, 2007
By Emmy Olaki

TULLOW Oil, the Irish-owned oil exploring company, has discovered more oil in Block 2 in the Bunyoro sub-region in western Uganda.

Another successful test drill at the Nzizi 2 oil well, which was drilled to about 675 metres, is expected to be announced to the investors soon. The well is to undergo a test drill.

The earlier discovery of oil at Kingfisher in Block 3A, gives the company a five-out-of-five oil strike success rate since drilling began in the last quarter of 2006.
The Kingfisher discovery, with a flow rate of about 14,000 barrels of oil per day, is so far the largest find in Uganda.

Tullow Oil last year bought out Hardman Resources, making it 100% owner and operator of Block 2, where four wells have been drilled with a combined flow rate that could exceed 14,000 barrels of oil per day once Nzizi 2 is done.

http://www.newvision.co.ug/D/8/220/571848