Uganda is one of the hot spots for oil development in sub-Saharan Africa
In May 2019, Uganda announced a second licensing round to cover five blocks in the highly prospective Albertine Graben. The second licensing round has been made at an important time for Uganda and the region as the country has moved steadily towards first oil and much of the all-important infrastructure is well underway including the East African crude oil pipeline(EACOP) pipeline and the refinery.
Uganda is an attractive investment opportunity combining high-success rates of oil discovery, with a liberalized economy open to international investment. However, partnerships and local content collaboration are paramount to drive Uganda’s growth in oil and gas opportunities.