Aggrey Mugume, the National Content Officer at PAU, told stakeholders Thursday that while other districts like Buliisa earned about 60 percent in contract revenues from Total Energies EP Uganda for supplies of goods and services, Nwoya lagged, prompting an inquiry by PAU.
The reelection of President Donald Trump , the change in energy politics and landscape combined with the emergence of new poles could breathe new life in Uganda's oil and gas sector.
Kamurasi shares that supplying the sector is not just about winning the bid or chasing after them. It requires preparation from logistics, planning, human resources and above all ready capital.
Oil and gas will still be needed in Wood Mackenzie scenarios, it is assumed that oil demand will drop by 100 million barrels a day to around 30 million barrels a day in 2050.
Confirmation by the company confirms the major role that China and Chinese firms are expected to play in the construction of the pipeline. Some Western banks and insurance firms were forced to shy away from funding the project.
The Petroleum Authority said it is satisfied that the agreed procedures, when implemented, will ensure the safety and well-being of all during the oil and gas operations.
Alex Nyombi, the Director of Development and Production at the Petroleum Authority of Uganda said both rigs have noise-suppressing technology and are fully automated and environmentally friendly.
Cassava has been cultivated as a food crop in Bunyoro, with oil and gas in the area, farmers are being mobilized to farm it in bulk so that it can generate cash.
Commencement of drilling of the wells is part of the 43-month journey by the joint venture partners as they pledged to invest about 10 billion dollars in the Albertine.
UNOC has paid over 578 million shillings or $155700 as required by the laws and the signed Production Sharing Agreement and award of the Petroleum Exploration License.
The construction of the pipeline is expected to cost between $ 4.2-$5 billion. So according to Kamuntu, the project is likely to take off when the financing is secured.
Participants from several African countries with oil and gas meeting in Uganda reckon that data is the industry’s most valuable resource that shouldn’t be underrated.
Tonny Odokonyero, a Research Fellow at the Economic Policy Research Centre (EPRC) says that the influx of people to the Albertine region is causing demand to outstrip supply for meat, vegetables, and milk.
Different engineering firms and their subcontractors have descended on Buhuka in Kikube and Buliisa districts. While there is an impression that many firms are shunning the project over environmental concerns, a number of foreign firms have taken up jobs in the oil fields.
