Boosting Africa’s upstream oil and gas sector during AOW 2018

AOW 23Irene Muloni, minister of energy and mineral development in Uganda, will lead a delegation of private and public-sector players from Uganda’s oil and gas sector to the Africa Oil Week (AOW) 2018, to be held from 5-9 November 2018 in Cape Town

Muloni said, “Uganda is open for business and we will be looking forward to promoting the country’s highly progressive and lucrative hydrocarbon sector during the Africa Oil Week. Over the course of the week, we will announce a roadmap for Uganda’s next licensing round and offer insights into our country’s potential and operating environment.”

Uganda focuses on developing its petroleum sector across the entire value chain and clear strides to move the country’s major assets from the exploration phase into the development phase have been made.

The East Africa nation provides opportunities for companies that are looking to explore, develop and utilise its petroleum assets. The permanent secretary of the Ministry of Energy and Mineral Development, Robert Kasande, said, “During the Africa Oil Week, we will host private meetings with the global private sector with a view to successfully attract capital in every stage of our oil and gas value chain.”

Ernest Rubondo, executive director of the Petroleum Authority of Uganda, commented, “As the regulator of Uganda’s oil and gas sector, Africa Oil Week offers the authority an exciting platform to provide insight into the regulatory environment in the country and how this has been structured to position the country as a sound investment destination.”

“We encourage operators, investors and service companies to attend the Oil Week and meet with officials from the Government of Uganda and the private sector. Uganda welcomes you to partner in what we believe is one of the most commercially viable and prospective oil and gas environments in the world,” Rubondo further added.

The event continues to drive new business opportunities for E&P companies in Africa, presenting an exclusive and dynamic network of African oil and gas operators.

Mark Simmonds, former UK foreign and commonwealth office minister with responsibilities for Africa, the Caribbean, the UK Overseas Territories, International Energy and Conflict Prevention, added, “The commitment of the Ugandan Government to oil week reflects a country on the move in the petroleum sector. Africa Oil Week will focus on the country’s oil and gas sector during the week.”

Dr Josephine Wapakabulo, CEO for Uganda National Oil Company (UNOC), further stressed, “UNOC is responsible for the State’s commercial interests in Uganda’s oil and gas sector and we see the country’s participation at Africa Oil Week as a clear opportunity to engage with the most prestigious global operators.”

“UNOC will arrive at Africa Oil Week looking for strategic partners who have the appetite, financing, technology and capabilities to deliver equitable and profitable projects in Uganda’s oil and gas sector,” Wapakabulo further noted.

Conference director Paul Sinclair commented, “On top of the 13 confirmed ministers who will lead delegations to Africa Oil Week, we now have a partnership with the government of Uganda to host a huge opportunity for the global private sector to exclusively engage and hold private meetings regarding oil and gas opportunities at Africa Oil Week.”

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