GCC Services has signed a contract with Houston-based engineering company McDermott for integrated remote site services on the Tilenga project in Uganda, the…
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Oil reserves:1.4 billion barrels
Gas reserves:14.2 bcm
Expected future oil production:240,000 bopd
Uganda’s oil and gas industry is attempting to quickly build up its infrastructure to take advantage of opportunities found in recent hydrocarbons discoveries before the world transitions away from fossil fuels towards more sustainable energy sources. Since oil was first discovered in 2006, the government has put comprehensive measures in place to ensure the efficient and value-added development of the nation’s petroleum resources, most of which are found alongside its western border with the Democratic Republic of the Congo. More than 20% of Uganda’s impressive oil and gas reserves are thought to be recoverable.
Uganda’s petroleum industry is regulated by the Petroleum Authority of Uganda in tandem with the state-run Uganda National Oil Company, which heads its upstream operations. The Ministry of Energy and Mineral Development is the government entity responsible for developing and managing the nation’s energy resources. The country has successfully attracted international players such as TotalEnergies and China National Offshore Oil Corporation in developing the country’s upstream, midstream and downstream potential.
While being East Africa’s third-largest economy, more than 60% of Ugandan citizens lack adequate energy supply. Greenfield investments in the upstream industry have the potential to halt the country’s reliance on energy imports and add to its economic development through exports to the region. The country has significant renewable energy potential, including hydropower, biomass, solar, geothermal, wind and peat. Uganda National Renewable Energy Efficiency Alliance cites the country’s overall renewable energy potential as 5.3 GW.
“The energy industry is crucial, especially because of associated industries like infrastructure, processing and fabrication. Activity will not happen if there is no electricity. Electricity and other forms of energy are essential,” Ugandan President Yoweri Kaguta Museveni told the Energy Year. “Oil is finite and exhaustible, so we should use the oil money to create durable capacity. This capacity will be for modernising our railways, our energy and our transportation. That will attract the business that needs this infrastructure, especially manufacturing.”
TotalEnergies has finalised the acquisitions of VSB Group in Europe, SN Power in Africa and a series of solar and wind projects…
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UAE-based Alpha MBM Investments will invest in the development of a 60,000-bpd refinery in Kabaale, Uganda.
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Andrew Jackson of Inception talks about developing practical AI tools for the UAE’s oil and gas sector.
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Ministers, executives and technology pioneers will convene next week for ADIPEC 2024.
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Uganda plans to issue a new set of oil and gas exploration licences in fiscal year 2025/26.
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Michel Ussene of Mitra Energy talks about the company’s prospects for consolidating its retail fuel distribution network in…
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Uganda's energy minister says the country is exploring for oil in two new regions.
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GCC Services has signed a contract with Houston-based engineering company McDermott for integrated remote site services on the Tilenga project in Uganda, the…
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Frederick Hesse-Tetteh, co-chief executive officer at Harlequin Oil and Gas, talks to The Energy Year about the importance of competition in the natural gas sector and…
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China’s CNOOC has reached a final investment decision on the Kingfisher Project, paving the way for development of one of Uganda’s key oil plays and its game-changing…
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Ado Oseragbaje, vice-president for sub-Saharan Africa at Baker Hughes, talks to The Energy Year about the pace and characteristics of the energy transition in…
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Sayed Farouk, chairman of The Arab Contractors, talks to The Energy Year about trends and prospects the company sees in the Egyptian and regional energy construction…
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Tom Okurut, executive director of the National Environment Management Authority (NEMA), talks to The Energy Year about the agency’s role in the development of…
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TotalEnergies, through local subsidiary Total E&P Uganda, has awarded five drilling packages reportedly worth almost $600 million for its Tilenga oil project in…
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A McDermott-Sinopec consortium has received a conditional letter of award for a USD 1.9-billion contract to provide EPCC services to Uganda’s Total-led Tilenga…
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Anne Juuko, chief executive of Stanbic Bank Uganda, talks to The Energy Year about the recent evolution of investor confidence in Uganda, the bank’s role in the…
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Ugandan authorities will launch tenders for the construction of major projects related to the country’s oil developments in December, the country’s petroleum authority…
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