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UGANDA’S OIL & GAS INDUSTRY COMES OF AGE: Meet the 100 oil and gas leaders driving the race to our first oil From the time Uganda struck oil in the Albertine Graben in 2006⏤ the Mputa-1 well was drilled in December 2005 and on 6th January 2006, it struck oil and was declared the first commercial discovery in Uganda⏤ and subsequently reached the Final Investment Decision (FID) on February 1, 2022, the country has undergone a rather painful slow process of learning, unlearning and relearning. But even with the FID, Uganda still has several hurdles to jump such as the global campaign to sabotage especially financing of the project - but regardless, the country together with its two key partners, TotalEnergies E&P and CNOOC, the country is determined to finally brings its oil out of the ground.

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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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About the Author

Muhereza Kyamutetera is the Executive Editor of CEO East Africa Magazine. I am a travel enthusiast and the Experiences & Destinations Marketing Manager at EDXTravel. Extremely Ugandaholic. Ask me about #1000Reasons2ExploreUganda and how to Take Your Place In The African Sun.

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