Faustine Mugisha Archives – CEO East Africa

UGANDA’S OIL & GAS INDUSTRY COMES OF AGE: Meet the 100 oil and gas leaders driving the race to our first oil

Muhereza KyamuteteraBusiness & Markets Lists & Rankings The Big StoryAugust 16, 2024December 5, 2024

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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Norway, Ghana laud Uganda’s oil and gas sector

CEO ReporterCompany NewsOctober 22, 2020October 22, 2020

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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