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The journey of Uganda’s oil sector.

September 18, 2023      

The Uganda Chamber of Mines and Petroleum (UCMP) in partnership with the Ministry of Energy is running the third edition of 90 Days of Oil and Gas Media Campaign with the main objective of giving an update on the sector’s projects, emerging opportunities, challenges, and possible solutions. Under the theme, “Facts Behind Uganda’s Oil and Gas Sector” and hashtag #90DaysofOilandGas the campaign kicked off on August 1st and will climax on October 31

The campaign is designed to run on weekly topics including opportunities and challenges, updates on sector projects, taxation, insurance, sectoral linkages, environment social and governance issues, women and youth, local content and value addition, the role of the media, financing of the oil and gas sector and the role of civil society organizations and more.

The third edition of this campaign is happening 19 months after the signing of the Final Investment Decision (FID) on the Lake Albert Development by TotalEnergies EP Uganda, CNOOC Uganda Limited, the Uganda National Oil Company (UNOC), and the Tanzania Petroleum Development Corporation (TPDC).

After the signing of FID, the government envisaged that between US$15-20bn would be invested in what it termed as the ‘development phase’ before first oil is achieved in 2025.

Uganda National Oil Company (UNOC), Proscovia Nabbanja, retaliated government’s readiness to do business noting that they will ensure resources are exploited in a sustainable manner.Ms proscovia was recently awarded with the CEO of the year award at Africa Energy Week in South Africa.