Studies show: There Will Be Oil in Rwanda

This is the first ever solid confirmation from government on the stretched exploration activity by the Canadaian exploration firm, Vanoil Energy Limited.

Habumuremyi said: “Exploratory studies will continue. The first phase showed that there are many signs indicating that it is there. The second phase which will begin at the start of 2013 will be able to show the quantity and nature of the oil Rwanda has.”

The area covers parts of Nyungwe and Gishwati forests, and Lake Kivu.

Vanoil Energy Ltd, which was previously known as Vangold Resources Ltd, has explored for oil in the area for over five years.

Earlier this year, government entered into an agreement with Vanoil to embark on airborne magnetic and gravity survey as an initial step.

Requests for details were not fully answered as the Premier did not appear inclined to elaborate further. But he promised that the House will be kept in the know, as more findings come out.

The announcement comes on the back of an article published in the Arabic Oil and Gas Journal that indicated that, Vanoil saw Sudan-like features on Rwandan seismic, indicating the possibility of oil discovery in Rwanda.

Jacqueline Mukakanyamugenge said: “I wish to know more about this pleasing development relating to findings from studies indicating that in Rwanda, we have oil. When will these studies wrap up so that we know, conclusively, the amount of oil in Rwanda and when it starts getting exploited so that it benefits Rwandans?”

“I don’t want to go into theoretical details which are technical, but I am assuring lawmakers that the second phase which will follow, of digging deeply, in depth and width begins soon; the contractor is here and as studies reveal new findings, we shall update you,” he said.

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