The journey to first oil in Uganda in the face of a just energy transition.
The Annual Oil and Gas Convention (OGC) is organized by Uganda Chamber of Mines and Petroleum (UCMP) in partnership with the Ministry of Energy and Mineral Development with support from the Petroleum Authority of Uganda, the oil and gas joint venture partners and other industry stakeholders.
The conference plays a critical role in creating opportunities for Uganda’s domestic and international interests since it brings together key policy and decision makers, business leaders, bankers, academia and investors from all over the world.
In its 9th year, the Annual Oil and gas Convention (OGC2024) will be held on 17th-18th April 2024 at the Kampala Serena Hotel from 9:00am – 5:00pm (East African Time) on both days.
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"At least 4500 Ugandans had been skilled to work in the oil sector following a collaboration with over 120
institutions. The Government of Uganda was also putting together a Local Content
Development Fund to enable more Ugandans pursue oil and gas business opportunities"
Hon Ruth Nankabirwa, the Minister of Energy and Mineral Development
"28% ($980m) was retained in-country
from the $ 3.5 billion total investment during the first exploration phase. Another 37%
($172m) was retained in-country between 2017 and 2020 from a total investment of
$462m.
It is hoped that about $5 billion will be retained in Uganda during the development phase.
“If the linkages between the oil sector and the different sectors like agriculture, health,
transport, housing, tourism and civil works are properly harnessed, the economy will retain
an additional $8 billion,”
Ernest Rubondo, the Executive Director Petroleum Authority of Uganda
"The theme of the event ‘Maximizing National Content and Value Retention’ was perfect considering the timing. It is important that we have as many Ugandans as possible
participating in this massive opportunity of a lifetime. We have had close to 1000 people attending physically on both days and many more were following proceedings on YouTube and TV. So I believe we have achieved our objective.
“At least everyone now knows what opportunities are available and which ones have already been given out. About $4 billion worth of contracts have been awarded already
but since these are $15 to $20 billion projects, there is still much more to come. So our call to Ugandans is to use this information diligently and prepare adequately so that they win themselves these contracts"
Patrick Mweheire, UCMP Chairman
