Uganda’s oil production target could more than double to 350,000 b/d by 2018 from the current target of 150,000 b/d in 2013 if the right business plan is adopted, according to Tullow Oil PLC.
“When the oil basin is in full production, we are probably talking about 350,000 b/d,” said Tullow Chief Executive Officer Aidan Heavey, adding that the firm plans to begin producing crude oil this year, with initial production of 1,000 b/d.
A barrel of crude oil is equal to about 160 litres. To compare, Ugandans today consume 2 million litres of fuel daily; 1.2 million litres of diesel, 600,000 litres of petrol and 200,000 litres of kerosene per day.
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