Tullow Oil report oil and gas find in Uganda

Tullow Oil has announced that the Taitai-1 exploration well, drilled in the Butiaba region of Uganda Block 2, has encountered gas and oil.

The well was drilled to a total depth of 1,006 metres.

The Taitai-1 well is the first of a nine-well exploration campaign in the Butiaba area of the Lake Albert Rift Basin.

Aidan Heavey, Chief Executive of Tullow said: "The discovery of oil at Taitai has proved the existence of a working petroleum system over 70 kilometres from the previous wells drilled in the Kaiso-Tonya region and further reinforces the potential of Lake Albert Rift Basin as a major emerging petroleum province.

"We are encouraged by the Taitai result and look forward to the remainder of the campaign in the Butiaba area."