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Tom Ayebare Rukundo is the Manager of Economic and Financial Analysis at the Petroleum Authority of Uganda (PAU) and a rising star where he leads the oversight of the economic and financial aspects of Uganda’s Oil and Gas sector in addition to harnessing linkages between the Oil and Gas sector and other sectors of the Economy for broad-based economic growth. He was deeply involved in the negotiations that facilitated the Final Investment Decision and secured the government’s take from the projects in addition to spearheading and sourcing close to a billion shillings from the private sector to fund research on…
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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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