Western Uganda has approximately 6.5 billion barrels of oil reserves, with at least 1.4 billion estimated to be economically recoverable. French firm Total, S.A., Chinese firm China National Offshore Oil Corporation (CNOOC), and U.K. firm Tullow have production licenses to develop Uganda’s oil reserves for export. In addition to producing and exporting crude oil, Uganda plans to build a refinery to produce petroleum products for the domestic and EAC markets.
On May 19, the presidents of Uganda and Tanzania signed an agreement over construction terms for a 1450 km heated oil export pipeline to Tanzania’s Indian Ocean Port of Tanga. Industry insiders estimate the infrastructure required to develop Uganda’s oil reserves will begin in 2018 and cost $15 billion.
| Oil & Gas Stats | 2012 | 2013 | 2014 | 2015 |
| Annual Imports of Petroleum Products (cubic meters) | 1,214,366 | 1,313,350 | 1,438,847 | 1,622,516 |
| Annual Sale of Petroleum Products (cubic meters) | 1,125,472 | 1,152,436 | 1,265,288 | 1,443,505 |
Opportunities
Ancillary Services: With upstream and midstream projects currently under front-end engineering and design, international oil companies are increasingly looking for service subcontractors including housing, road infrastructure design and construction, environmental hazard controls, and vocational training services.
Investors interested in bidding on contracts should apply at the Directorate of Petroleum’s website listed below. Bids for 2018’s tenders are expected to go out in October, 2017.
Websites:
Petroleum Jobs & Tenders Page: http://petroleum.go.ug/resources/jobs_tenders
Directorate of Petroleum: https://petroleum.go.ug/
Uganda Ministry of Energy and Mineral Development: www.energyandminerals.go.ug
Department of Geological Survey and Mines of Uganda: www.uganda-mining.go.ug
Leading International Oil Firms Operating in Uganda
China National Offshore Oil Corporation (CNOOC)
No.25,Chaoyangmenbei Dajie, Dongcheng District, Beijing 100010, P. R. China
Postal address: Box 4705, No.25, Chaoyangmenbei Dajie, Dongcheng District, Beijing 100010, P. R. China
Tel: 86 10 8452 1010
Fax: 86 10 6460 2600
E-mail: cnooc@cnooc.com.cn
Total S.A
2, place Jean Millier
La Défense 6
92078 Paris La Défense Cedex
France
Tél. : + 33 (0) 1 47 44 45 46 – See more at:
http://www.total.com/en/contact-form#sthash.zsvlezpU.dpuf
Tullow Oil Plc.
9 Chiswick Park
566 Chiswick High Road
London, W4 5XT
United Kingdom
PHONE: +44-203-249-9000
EMAIL: INFO@TULLOWOIL.COM
