CNOOC Operations in Uganda

Activities and Contracts
CNOOC began operating in Uganda on the acquisition in March 2011 of one-third of Tullow Oil's assets in the country. CNOOC became operator of the Kingfisher and Kanywataba fields in the former Block 3A.

The Kingfisher oil field is the the country's largest, holding an estimated 300 million barrels of oil. In October 2012 Uganda reclaimed the Kanywataba license area to be re-auctioned in the next licensing found, after initial drilling failed to reveal any crude. CNOOC's six-month exploration license had expired. However the Wall Street Journal reported that the decision may have been taken because the company had not adhered to its work plan, drilling only one of the three exploration wells promised.

In March 2012 the Petroleum Economist reported that CNOOC was also negotiating with the government to participate in the country's proposed first oil refinery at Hoima. In an attempt to build confidence with the local community CNOOC's Ugandan subsidiary, CNOOC Uganda Limited, has launched several charity programs in the vicinity of their licensing area, such as distributing packages of school equipment and food items, topping up local teachers' salaries and supporting local football tournaments.

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