Uganda, with its strategic geographical position in the Eastern African region, is looking forward to upstream
investments of between US$ 15 to US$ 20 billion in the next 3-5 years.
This kind of investment is close to 60% of Uganda’s current GDP and will be the largest capital project the
country and the region has ever seen.
Uganda has discoveries in excess of 6 billion barrels of Oil equivalent in place, of which 1.4 billion barrels is recoverable. The Country also has discoveries of 500BCF of Gas (Non-associated) Initially In Place (GIIP).
To date, tremendous progress has been made towards the realization of the commercialization plans leading
to the Final Investment Decision (FID).
Generally, the process leading up to FID has been sluggish and frustrating with far-reaching negative impacts.
However, a lot of progress has been concluded between the IOCs and the Government with each party
working tirelessly to ensure a win-win deal.
Uganda being a land-linked country, some of the discussions involve cross border negotiations with the neighbouring countries especially regarding the export route for the crude oil pipeline to the international
This has been in addition to addressing many gaps; such as skills, national content, infrastructure, legal,
regulatory and operational frameworks, among so many others, all which are crucial for the realization of the
Final Investment Decision (FID)
Regardless of the global COVID-19 pandemic, the year 2020 has registered a major breakthrough in terms of
negotiations leading up to FID.
It is, therefore, time for renewed hope for the sector.
If oil should flow out of the ground within 36 months from the date of FID,
What is the outlook of the Post FID era?
What will define Uganda’s and the region’s readiness to go into oil development?
Will there be ready capacity for the stringent requirements to execute projects towards 1st oil?
What benchmarks and synergies have been created to meet financial and technical capacity
requirements in the post FID era?
How much of the investment capital will be retained in-Country and in the region?
THE OIL AND GAS CONVENTION 2020
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 (MEMD).
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.
It offers a unique platform for presentations, interactive panel discussions, business matchmaking,
networking and exhibition of products and services.
In line with global Health guidelines to curb the spread of COVID-19, the
6th year, the Oil and Gas Convention(OGC2020) will for the 1st time be held virtually on 29th and 30th Sept 2020 online and on TV.
The theme of the conference is “Future Outlook: Regional Preparedness for Oil &Gas Development”
Discussions at the conference will be focused on the reality on ground post FID and for purposes of
benchmarking, there will be experience sharing from countries that have gone through a pre and post FID
era to help/support us appreciate the practical opportunities and challenges associated with FID.
Deliberations at the conference will cover;
The opportunity size after FID (in numbers); Tanzania, Kenya, Uganda- all industries.
• Regional Regulatory and operational frameworks.
• Infrastructure- Can it support development? Is it project-specific?
• The derivatives industry- What are the opportunities?
• Barriers to trade and movement of people across the region.
• Key highlights in oil agreements.
• Regional Customs Regime: Readiness of ports to handle the project related cargo in a timely
• Synergies with projects within the region for capacity and skills transfer.
• How the private sector facilitates FID and regional readiness.
• The Mozambique experience; as a benchmark for practical opportunities that FID unlocks.
• Regional Business Environment: Challenges and Enablers.
• Threats to the future of oil (technological advancement): future HR needs, among others
To conclude the conference will be a debate by industry experts to interrogate the contribution of state
participation towards achievement of local content.
Debate question: “How can state participation spur private sector growth and meet National Content
Participation at the conference will be online and free. However, all participants will be required to register
prior to the event.