Uganda has announced its second licensing round in 2019 to cover five blocks in the highly prospective Albertine Graben to increase international investment into the country’s oil-rich energy sector
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 a large part of the major infrastructure, including the EACOP pipeline and the refinery, is well underway.
Uganda is an attractive investment opportunity combining high-success rates of oil discovery, with a liberalised economy open to international investment and supported by a stable government with a peaceful population.
Following the announcement of the licensing round in May 2019, prospective bidders are expected to submit their applications by the end of September. Licenses will be granted to successful parties later in 2020.
The ministry has developed excellent technical data to support the licensing round. The 5th Uganda International Oil & Gas Summit (UIOGS) will take place at the Kampala Serena Hotel from 25 to 26 September.
During the summit, the ministry of energy and mineral development will have a special showcase to help support participants with technical and commercial data.
