This is a best prospect industry sector for this country. Includes a market overview and trade data.
Last Published: 8/3/2017

Overview
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.
 
The infrastructure required to develop Uganda’s oil reserves is estimated to cost $10 billion and construction is projected by the government to begin in 2018.  On May 19, 2017 the presidents of Uganda and Tanzania signed an agreement over construction terms for a 1400 km heated oil export pipeline to Tanzania’s Indian Ocean Port of Tanga.  While the government seems confident that it can achieve first oil by 2020, experts caution that this goal is only attainable if infrastructure, production wells, and the pipeline begin construction by 2018.

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

Leading Sub-Sectors
Engineering Services:  With upstream and midstream projects currently under front-end engineering and design, international oil companies are currently contracting out engineering design surveys prior to making final investment decisions on developing Uganda’s oil by 2018.

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.

Web Resources
Uganda Ministry of Energy and Mineral Development
Department of Geological Survey and Mines of Uganda
Ministry of Energy and Mineral Development

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

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 

Tullow Oil Plc.
9 Chiswick Park
566 Chiswick High Road
London, W4 5XT
United Kingdom
PHONE: +44-203-249-9000
EMAIL: INFO@TULLOWOIL.COM

Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.



Uganda Oil and Gas Trade Development and Promotion