Exploration company Tullow Oil reported this morning that it has discovered oil at its Kigogole-1 well in the Butiaba region of Uganda.
The company said a well drilled to 2,021 feet had encountered two oil zones with a net pay of 10 meters.
"Kigogole is the fifth successive discovery in the Butiaba region within the last five months," chief executive Officer Aidan Heavey said in a statement.
Bloomberg
