- The project is operated by CNOOC Uganda Ltd, TotalEnergies Uganda & UNOC with the Petroleum Authority of Uganda monitoring the petroleum sector in the country.
As Uganda strives to achieve the commercial oil production target of 2025 following the colorful ceremony welcoming the Tilenga Project rig officiated by President Museveni, USD 3.5 billion is to be invested in the oil and gas sector according to the Minister of Energy Ruth Nankabirwa.
The project is operated by CNOOC Uganda Ltd, TotalEnergies Uganda & UNOC with the Petroleum Authority of Uganda monitoring the petroleum sector in the country.
Hon. Ruth Nankabirwa said associated economic benefits to the 3.5 billion oil and gas investment include inclusive national economic growth and sustainability, increased GDP per capita, a boost of business competitiveness, and performance, increased domestic, and local content participation, and several other spillover effects.
The Upstream and Midstream petroleum activities and operations in the country are being undertaken as follows by Oranto Petroleum Limited and Armour Energy Uganda Limited licensed to undertake petroleum exploration.
TotalEnergies E&P Uganda, CNOOC Uganda Limited, and Uganda National Oil Company (UNOC) are licensed to prepare the already discovered oil fields for petroleum production operations.
On the other hand, the East African Crude Oil Pipeline (EACOP) Limited and the Albertine Graben Energy Consortium (AGEC) are developing. They will manage the infrastructure to commercialize Uganda’s Oil and Gas resources, namely the EACOP and Refinery.
As UNOC represents the Government of Uganda's commercial interests and is a joint venture partner to the licensees operated by CNOOC Uganda Ltd and TotalEnergies, as well as a shareholder in both the refinery and EACOP projects.
According to the Energy Minister, in addition to these licensed oil companies, there are about 175 contractors and sub-contractors to those licensed companies. These include some of the world's biggest and most well-established engineering companies, with significant capital bases and enormous experience. Some have now established full operational offices and facilities in the country.