9th Oil and Gas Conference

The Annual Oil and Gas Convention (OGC) is organized by Uganda Chamber of Mines and Petroleum (UCMP) in partnership with the Ministry of Energy and Mineral Development with support from the Petroleum Authority of Uganda, the oil and gas joint venture partners and other industry stakeholders.

The conference plays a critical role in creating opportunities for Uganda’s domestic and international interests since it brings together key policy and decision makers, business leaders, bankers, academia and investors from all over the world.

Are Ugandans skilled to work in the Oil and Gas Sector?

“At least 4500 Ugandans had been skilled to work in the oil sector following a collaboration with over 120
institutions. The Government of Uganda was also putting together a Local Content
Development Fund to enable more Ugandans pursue oil and gas business opportunities”

Hon Ruth Nankabirwa, the Minister of Energy and Mineral Development.

What total investment has been retained in the development phase?

“28% ($980m) was retained in-country
from the $ 3.5 billion total investment during the first exploration phase. Another 37%
($172m) was retained in-country between 2017 and 2020 from a total investment of
$462m.
It is hoped that about $5 billion will be retained in Uganda during the development phase.
“If the linkages between the oil sector and the different sectors like agriculture, health,
transport, housing, tourism and civil works are properly harnessed, the economy will retain
an additional $8 billion,”
Ernest Rubondo, the Executive Director Petroleum Authority of Uganda