By Watchdog reporter

Uganda has on Tuesday signed petroleum production licenses with three oil companies.
During the signing ceremony at Ministry of Energy offices in Kampala, the minister said

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The event was attended by top energy officials as as top executives from Tullow, Cnoc and Total E&P.
Energy Minister Irene Muloni signed on behalf of the government of Uganda.

New Petroleum Authority boss Ernest Rubondo said production licenses have been issued for a total of 13 oil fields.

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He said the ministry received 31 applications since the first call in 2010, out which they chose the best.

Dr Rubondo said a Ugandan team reviewed and negotiated plans and reservoir documents with the oil companies in order to come up with a win win position.

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The government has given the oil companies up to 2020 to pump out the first oil and 18 months from today to make the investment decision.
A total of 200,000 barrels will be pumped out of Ugandan wells every day.
The country is not expected to make up to $1.5 billion per year.

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