Posts by LynnT:
- Oil contracts in Uganda, 25 Oct 2012
The most appropriate public role might be to step in at the earliest stage in the value chain, with seismic data acquisition and processing, and perhaps also some reprocessing of old perhaps data, not even progressing to appraisal work and exploration wells (certainly not in the case of the offshore fields where the cost would be prohibitive). The objective would simply be to provide enough reliable data to encourage industry action to move to the next step - providing the data support that. The rationale must be to optimise value for money by using the unique position of a public interest investor.