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All eyes on Uganda at Africa Oil Week in Cape Town

Minister Muloni (second right) speaks in Berlin on the oil sector early this year. She will share Uganda’s experience in Cape Town this week. FILE PHOTO Uganda Embassy Berlin

➡ Africa Oil Week #AOW18 Nov 5-9
➡ 🇺🇬Uganda one of 70 countries
➡150 world-class speakers
➡16 Government Ministers
➡1,300+ delegates

Kampala, Uganda | THE INDEPENDENT | Uganda’s private and public-sector leaders in the oil and gas sector will this week showcase the country’s national development strategies and give an overview of their upstream and midstream opportunities, at a continental conference in Cape Town.

The Ugandan team, that is led by Minister of Energy and Mineral Development Irene Muloni, will share their experience on how the country’s oil and gas sector has transitioned from exploration, to new exploration and now preparation of the oil fields for production (development). They will show how they are putting in place infrastructure for both commercialisation of the discovered 6.5 billion barrels of oil and gas resources, and, facilitating the developments in the sector.

The Africa Oil Week, now in its 25th year, has attracted up to 150 global experts from
over 70 countries. This includes 16 ministers and 1,300 international CEOs and senior decision-makers.

The event brings together governments, national oil companies, investors, corporate players, independents and financiers – giving them a place to network, discuss and share knowledge.

Uganda’s Petroleum Authority and Stanbic Bank, will be among the over 100 exhibitors in Cape Town.

Uganda’s Highlights

Several aspects of Uganda’s oil story will be told at the conference, starting Tuesday with a keynote at a Road Show, by Minister Muloni.

Uganda has recently been described by the World Bank as the “hottest inland exploration frontier in the world” and the country to watch in the oil and gas space.

Muloni will outline  the current status of the Ugandan oil and gas sector, including an overview of world class upstream and midstream opportunities. She will announce a roadmap of Uganda’s next licensing round and offer insights into the country’s potential and operating environment.

She will be joined in this session by the Permanent Secretary  Ministry of Energy and Mineral Development Robert Kasande and Philips Obita, Head of Development and Production, Uganda National Oil Company.

Muloni will then feature in Wednesday’s Ministerial Panel that will give insights on how their vision will attract international operators and investment. It will be chaired by  John Simpson, World Affairs Editor, BBC.

Uganda’s Rubondo, Karuhanga and Namubiru

Other sessions Tuesday, Wednesday and Thursday will see Executive Director, Petroleum Authority of Uganda (PAU) Ernest Rubondo discuss how Uganda’s regulatory framework affects the ability of global partners to develop a competitive and efficient industry.

Elly Karuhanga, Chairman, Uganda Chamber of Mines and Petroleum, will also be on a panel discussing how  regulating Uganda’s oil and gas sector can create lasting value and position Uganda
as a sound investment destination

Tilenga & Kingfisher will be one of the several case studies at the conference. Delegates will explore two of the most exciting projects in Uganda, the Tilenga project – a CPF with capacity for 190,000 barrels/ day and over 400 wells which are planned to be drilled on 35 well pads. The other is Kingfisher project’s CPF that has capacity for 40,000 barrels/day and 31 wells to be drilled on 4 well pads, with CNOOC Ltd.

In another case study, the Kampala team will show how Uganda’s National Content Policy for the oil and gas sector is supporting the Ugandan supply chain and localisation in the private sector.

Discussants will include Betty Namubiru, National Content Manager, Petroleum Authority of Uganda, Julia Mager, Senior Consultant & Team Leader, Employment and Skills for Eastern Africa (E4D/SOGA), and  James Karama, Sector Head – Oil & Gas, Stanbic Bank.

They will discuss strategies to achieve national content in Uganda’s oil and gas sector.

Live CNBC Broadcast

Focus will turn to Uganda as a hydrocarbon hot spot, Thursday, with an international panel delving into global funding and funding strategies for the African Upstream.

Over the last decade, new hydrocarbon hot spots have popped up across Africa; Tanzania, Mauritania, Uganda and Senegal, who now offer fine examples of new markets that are making discoveries and pushing for first oil.

The panel, chaired by Bronwyn Nielsen, Editor at Large, CNBC Africa, will explore how the key stakeholders tap into large pools of global capital to finance the African oil and gas sector.

Across this session, private equity funds, banks and institutional investors will explain their strategy in financing the Africa oil and gas sector.

Others on the panel are Frank Pluta, Industry Banker – Energy Group Head, Energy & Natural Resources, Natixis Solomon Asamoah, CEO, Ghana Infrastructure Investment Fund
Paul McDade, CEO, Tullow Oil Somit Varma, Managing Director, Warburg Pincus LLC.

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SOURCE: Oil Week.com 

 

 

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