STATEMENT ON UGANDA’S OIL AND GAS SECTOR: KEY
MILESTONES FOR 2022 AND OUTLOOK FOR 2023

BY HON. DR. RUTH NANKABIRWA SSENTAMU
MINISTER FOR ENERGY AND MINERAL DEVELOPMENT

INTRODUCTION

1. Colleagues, members of the media fraternity, ladies and gentlemen, I welcome
   you to this joint media briefing, which will focus on the milestones achieved in
   Uganda’s Oil and Gas sector during 2022 and the outlook for 2023.
2.  You will agree that the year 2022 is of great significance for Uganda’s oil
   journey. As the world was recovering from the COVID-19 pandemic, Uganda
   made significant strides toward achieving commercial production, commonly
   referred to as First Oil.
3. Critical among these was the announcement of the Final Investment Decision
   (FID) for Uganda’s Oil and Gas projects on February 1, 2022, which unlocked the
   inflow of US$15 billion into the country’s economy. This milestone is
   unprecedented and undoubtedly the largest project in terms of value in the
   country and the East African region. It has opened the way to activity and
   investment in the country.
4. My Ministry, together with the Petroleum Authority of Uganda (PAU) and the
   Uganda National Oil Company (UNOC), are, therefore, glad to provide periodic
   updates on the status of petroleum activities in the country through this media

For more details, please download the pdf below
MEMD Media Statement on Oil and Gas-2023