By Ahura Mujuni Mark
China National Offshore Oil Corporation (CNOOC),China’s state-owned oil firm has secured a won a $2bn (£1.3bn) deal to develop Uganda’s oil field .
The Kingfisher field is estimated to hold 635 million barrels of oil, of which 196 million are recoverable.
CNOOC will develop the Kingfisher oil field over a period of four years.
The State Minster for Energy , Peter Lokeris says , the field will have an initial capacity to produce between 30,000 to 40,000 barrels of oil per day.