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Uganda’s oil ambitions face a critical stress test at the Kasuruban oil block. By handing it to Uganda National Oil Company (UNOC), government signaled that national control must sit at…
Peter Muliisa is a key figure at UNOC, a government-owned entity tasked with managing the State’s commercial interests in Uganda’s growing petroleum sector. As one of the initial three employees of UNOC, Muliisa played a pivotal role in its establishment, focusing on corporate governance structures and shaping the company culture. Under his leadership, UNOC has successfully implemented robust governance measures, consistently receives unqualified audits, and maintains a strong record of compliance. In his role spearheading Corporate Affairs and Stakeholder Engagement, Muliisa has significantly boosted UNOC’s brand visibility and awareness. He has played a crucial role in protecting the company’s image…
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The Uganda Chamber of Mines & Petroleum (UCMP) at a recent Annual General Meeting (AGM) elected new leaders to its Board of Trustees and Governing Council. The new leaders serve for the next two years. Mr. Patrick Mweheire, the Standard Bank Group Regional Chief Executive for East Africa, and Mr. Nicholas Ecimu, a Partner at S&L Advocates are among the new members who were elevated to the Board of Trustees. Mr. Mweheire previously served as the Chairman of the Governing Council for three years, while Mr. Ecimu served as a Council Member for eight years. The full membership of UCMP’s…
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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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To do or not to do an oil refinery for Uganda, over and above the pipeline, has been a major question for the country, but more importantly for the Uganda…
2024 will be a defining year for Uganda’s oil sector with several investment deals to be inked as the oil project nears its first oil in 2025. Noteworthy is that…
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