Total (TOT) is expected to drill its first of as many as eight oil exploration wells in Uganda's...


Total (TOT) is expected to drill its first of as many as eight oil exploration wells in Uganda's oil-rich Lake Albertine rift basin before the end of this year, as it continues efforts to determine the size of oil reserves in its exploration block in the country. With ~1.8B untapped barrels of oil, Uganda is expected to join Nigeria, Angola and Sudan among sub-Saharan Africa's major crude producers.

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