The conference and exhibition come at a time when the government has just concluded the second licensing round for new exploration areas in the Albertine.
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Tha Acting Director Of Petroleum at the Energy Ministry, Honey Malinga represented the Minister, Ruth Nankabirwa at the lauch of the conference
Uganda has
yet another opportunity to showcase and market its petroleum potential as it
hosts the 10th East African Petroleum Conference and Exhibition (EAPCE’23).
The 10th edition of the conference (EAPCE’23) organized by all members of East
Africa partner states and will take place between 9th-11th May 2023 at Kampala
Serena Hotel.
The theme of the conference and the exhibition under the East Africa Community
Treaty is “East Africa as a hub for Investment in Exploration and Exploitation
of Petroleum Resources for Sustainable Energy and Socioeconomic Development”
Uganda should have hosted this biannual conference two years ago but it was
postponed following the outbreak of COVID-19. Covid-19 led to a slowdown in the
oil and gas sector.
The Energy and Minerals Development Minister, Ruth Nankabirwa in a speech
announcing the EAPCE’23 said the conference after a Final Investment Decision
for the Tilenga, Kingfisher, and East African Crude Oil pipeline will have more
people seeking opportunities in Uganda’s oil and gas.
This is the second time that Uganda is hosting the conference organized on a
rotational basis among the East African Community member states.
Nankbairwa in a speech read for her by the Acting Director of Petroleum, Honey
Malinga said the conference has created opportunities for the EAC partner
states and the private sector through sharing information on investment opportunities
in oil and gas.
The conference and exhibition come at a time when the government has just
concluded the second licensing round for new exploration areas in the
Albertine.
The Minister of Energy early this month signed production-sharing
agreements(PSAs) and awarded an exploration license to Uganda National Oil
Company (UNOC) for the Kasuruban area. UNOC’s Head of Exploration and New
Ventures, Lyoidah Kiconco told URN that they plan to use the conference to seek
potential partners as the company embarks on exploration.
Nankabirwa had previously announced that she would make announcements for the
third competitive licensing round for oil blocks as it has been in the past.
But Malinga told journalists that it is unlikely that will happen as it has
been in the past. He said the process of new blocks and licensing was
yet to be approved by the cabinet.
Uganda’s
resource base currently stands at 6.5 billion barrels of oil in place. It is
expected that more discoveries through exploration may increase the resource
base beyond 6.5 billion.
East Africa Petroleum Conference and Exhibition offers a wide range of
technical presentations reflecting developments in the oil and gas industry in
East Africa and around the world.
Secretary General East African Community, (Dr.) Peter M. Mathuki last week said
EAPCE’23 will provide a unique forum for dialogue for all players in the oil
and gas industry at both the regional and international levels.
The conference also gives stakeholders in the oil and gas sector an opportunity
to interact with EAC senior government officials and decision-makers.
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