Senior energy ministry officials, have said Uganda’s oil and gas industry is expected to bring in investments worth over $1 billion in 2019.
Ugandan Minister of Energy and Mineral Development Irene Muloni said recently, government expects a pick-up in activity in the sector this year, following a calm 2018 that involved designs of key production infrastructure as government also revised its timelines for first oil by 24 months to 2022.
This comes as joint venture oil company partners ramp up activities, to commercialize Uganda’s petroleum resources.
The development of the upstream projects is being taken forward by the three joint venture partners, CNOOC Uganda Ltd, Total E&P Uganda and Tullow Uganda Operations Pty Ltd.