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Since reaching FID in February 2022, Uganda has kicked off a massive oil drilling campaign with four oil rigs⏤ three of them at the TotalEnergies-operated USD4-5 billionTilenga Project in Buliisa and Nwoya districts, and one rig at the CNOOC-run USD2-3 billionKingfisher Project in Kikuube in the Albertine Graben. As of June 2024, TotalEnergies had made considerable progress in drilling over 35 oil wells with a projection of drilling 98 wells by the end of 2024. Seven oil wells had so far been drilled at the KingFisher Project alongside other engineering, procurement, and construction (EPC) works. Construction works for the USD5…
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Citibank Uganda recently announced Dr. Tom Buringuriza, the Country Manager of Armour Energy Uganda as its new Board Chairman. He replaces Geoffrey Kihuguru whose term has ended. Armour Energy Uganda is a subsidiary of Armour Energy, an Australian Oil and Gas exploration company that was licensed for the Kanywataba License Area in Uganda. Prior to working for Armor Energy, he served as the Deputy CEO of the Uganda Investment Authority (UIA)⏤ the government of Uganda’s investment promotion agency. He holds a Bachelor of Statistics Degree (B. Stat) from Makerere University, an MBA from the Maastricht School of Management, as well…
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