The government revealed today that the country’s cabinet consented to the signing of production-sharing agreements (PSA) for two oil exploration blocks between two oil firms, including a unit of Australia’s DGR Global (DGR.AX).
Uganda’s administration has agreed to extend its oil exploration via its recently signed agreements with two oil firms.
According to a statement issued by Godfrey Kabbyanga, a junior information minister, the cabinet on Monday, approved the signing of an agreement with DGR Energy Turaco Uganda Limited, owned by Australia’s DGR Global, for the Turaco exploration area.
