Located in western Uganda, the Albert–Edward Rift basin is the first East African Rift system to have provided significant onshore oil finds and has spurred exploration in similar nearby basins, notably in Kenya. The basin first attracted international attention in 2006 when the play-making Kingfisher oil field was discovered. Since then, a total of 1.6 billion barrels of recoverable oil has been found, the majority of which is commercially viable to develop. However, the development of existing and future discoveries depends on the construction of a major export pipeline, across difficult terrain with poor existing infrastructure. The project, which will either consist of a standalone pipeline through Tanzania or a shared pipeline connecting the Ugandan fields with discoveries in Kenya, is expected to be commissioned in 2022. Explorers can expect to achieve healthy returns if oil prices recover, but a sustained period of low prices would threaten value creation from future finds.
This report includes 2 file(s)
Uganda Albert Edward Rift exploration basin PDF - 758.53 KB 32 Pages, 24 Tables, 37 Figures
Uganda Albert - Edward Rift.zip ZIP - 3.62 MB
Oil and gas exploration is an industry in constant motion, from technological breakthroughs to shifting supply and demand. The high costs of finding and developing new oil and gas fields that can be commercially developed has created a challenging atmosphere, with explorers increasingly seeing low returns, low value and slow progress.
This Exploration Basin report provides a detailed analysis of exploration of this basin, including discovery and development costs, location maps and information about licensing and fiscal terms. You'll also find information about discovery and development costs and full-cycle returns.
Explorers and advisors can use this report to understand the history and potential value of this basin.
Wood Mackenzie has access to historic data for over 450 basins and forecasts for more than 125 basins. We provide accurate information on the cost of exploration compared to the value of discoveries so that you can develop profitable strategies.
Our in-depth analysis gives you the information you need to navigate the ever-changing challenges of oil and gas exploration so you can make critical commercial decisions.
Wood Mackenzie's clients include every major player in the global energy, metals and mining industries. We are recognised as a leading authority by international and national energy, metals and mining companies, leading financial institutions, governments and government agencies. We work with a range of diverse teams within our clients, from strategy and policy makers, business developers and market analysts, through to corporate finance, risk teams and investors.
Having Wood Mac analysis is table-stakes. Others are nice to have.
Analyst Metal Mining Producer
Wood Mac has the highest quality data and is demanded by our staff.
Portfolio Manager Integrated Oil Company
Others can provide data but we value the quality of the Wood Mac analysis above other sources.
As the trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, we empower clients to make better strategic decisions with objective analysis and advice. Find out more...
Asset report | Apr 2016
Uganda Albert Edward Rift exploration basin
Have questions? Just let us know how to contact you and we will respond to you as soon as possible.