Asset Report

Uganda Albert Edward Rift exploration basin

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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-opening 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. The most recent licencing round completed in H2 2020 indicates the potential for future exploration within the basin. Explorers continue to target Miocene and Pliocene oil plays. Development of existing and future discoveries depends on the construction of around 1,400 kilometres of export pipeline, across difficult terrain with poor existing infrastructure. Explorers can expect to achieve healthy returns when production and export begins. Full details are available to download in excel and pdf format.

Table of contents

Tables and charts

This report includes 23 images and tables including:

  • Miocene
  • Pliocene
  • Summary of discovery and development costs
  • Full-cycle economic analysis
  • Typical fiscal terms
  • Brent and local oil price assumptions
  • Exploration wells by play
  • Key play characteristics
  • Exploration history map
  • Drilling activity by well type
  • Discoveries and success rates
  • Top 10 discoveries
  • Acreage holders
  • Creaming curve
  • Prospective resource summary
  • Creaming curve
  • Prospective resource summary
  • Unit value of potential discoveries
  • Breakeven price of exploration
  • Unit value of potential discoveries
  • Breakeven price of exploration
  • Miocene
  • Pliocene

What's included

This report contains: