AOW 2023 Programme Sessions

Uganda: Country Showcase

Uganda: An Established Petroleum Province in the East African Region

Uganda’s oil and gas sector has transitioned from the exploration and appraisal phase to the development phase in preparation for sustainable production of the petroleum resources that have been discovered in the country. Uganda’s confirmed petroleum resource base is currently estimated at 6.5 billion barrels of Stock Tank Oil-Initially-In-Place (STOIIP), of which 1.4 billion barrels are estimated to be recoverable. In addition, gas resources are currently estimated at 600 Billion standard cubic feet (BCF). This volume of crude is planned to be commercialized using a 60,000 Barrels of Oil per Day (BOPD) refinery and a 190,000BOPD crude export pipeline.

To achieve a sustainable reserves replacement for the country, the government continues to evaluate the petroleum potential of the unlicenced acreages with the aim of issuing new exploration licences. During this country showcase the Ugandan delegation will discuss the following topics:

• Plans by the Government of Uganda for opening up new exploration acreages.
• Institutional framework governing the oil and gas sector in the country and the key projects.
• The country’s preparedness for first oil.
• Steps being taken by the government to manage high expectations from the oil and gas sector, navigate the risks and prepare to take advantage of opportunities presented by the energy transition.
• The country’s policy, legal and regulatory framework for the sector.
• The Uganda National Oil Company Limited capacity to undertake petroleum exploration activities in the recently granted exploration block