The African Development Bank has threatened to withdraw funding for the project aimed at building the capacity of Ugandans for opportunities in the oil and gas sector, should the government fail to utilize the funds according to the stipulated terms and conditions. The Bank is funding the East African Crude Oil Pipeline (EACOP) Districts’ Micro, Small & Medium Enterprises (MSME) Business Linkage Project, to make the people along the pipeline corridor ready to access jobs and business opportunities the project is expected to create.The project is being managed by the Petroleum Authority of Uganda and the Ministry of Energy…
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From the time Uganda hit the first commercially viable oil finds at Mputa-1 well on 6th January 2006, the word on everyone’s lips has been “first oil”. Cabinet in 2008 passed the National Oil and Gas Policy (NOGP) 2008 which laid out a path for ensuring that Uganda’s oil and gas resources would be dedicated to poverty eradication and the creation of lasting value to society. This would be possible through “high standards of transparency and accountability in licensing, procurement, exploration, development and production operations as well as management of revenues from oil and gas.” Pursuant to the NOGP,…
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First, for the uninitiated, what exactly is the role of the Petroleum Authority of Uganda? What does regulating and monitoring the petroleum sector to create lasting value entail? How exactly do you achieve this– what is involved? First of all, it is essential to recognise that the Petroleum Authority of Uganda (PAU) is one of the three institutions of government responsible for stewarding the oil and gas sector in the country. The other two institutions are, the Ministry of Energy and Minerals Development (MEMD) which is in charge of policy as well as licensing companies in the sector, and the…
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The oil and gas sector in Uganda has been lauded as a good example for countries to follow, due to Uganda’s efforts in promoting a favourable business environment for investment. The remarks were made on Thursday, 15th October, 2020, by Ms. Ingrid Sølvberg, the Director General of the Norwegian Petroleum Directorate at the E-Conference on regulatory excellence organised by the Petroleum Authority of Uganda (PAU). Speaking from Stavanger, Norway via Zoom, Ms. Sølvberg also commended the regulatory framework of Uganda’s petroleum sector. “Five key things are critical to regulatory excellence in the oil and gas industry: institutional competence and balance;…
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As Uganda gets closer to a Final Investment Decision (FID) setting off a flurry of activities that will eventually see finally cement its place as an oil producing nation, the Petroleum Authority of Uganda (PAU), Uganda’s upstream and midstream petroleum regulator has intensified its preparedness. This month, between 4th and 6th February, 2020, Ernest Rubondo, the PAU Executive Director led a delegation of PAU executives on a study visit to UK’s Oil and Gas Authority (OGA), in Aberdeen, Scotland- as well as several other regulatory bodies and industry associations in UK’s oil and gas sector. “The UK oil and gas…
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