Extractive industries including Oil and Gas and Mining continue to play a key role in the provision of energy and valuable raw materials for key industries. In Uganda, the discovery of commercial oil and gas resources in 2006 set in motion a series of activities on the part of government, the international oil companies and other partners which herald First Oil. The announcement of the Final Investment Decision (FID) by the oil companies in 2022 saw increased interest and investment in the country’s petroleum resources.
Whereas for most of the last decade or so, Uganda’s mineral sector has somewhat been overshadowed by the overwhelming focus placed on oil and gas, the sector’s potential remains vast and almost infinite. In the government revised the mining law and enacted the Mining and Mineral Rights Act to usher in a regulated and commercially viable sector.
Suffice to say, Uganda seeks to develop its extractive resources in a responsible manner which ensures a diversified and clean energy pool. The ban on gas flaring, commitment to hydro power and the introduction of new sources of energy such as solar and plans for nuclear energy are all part of the strategy to expand the country’s capacity to meet its energy needs while exploiting the country’s oil and gas resources and maximising its mineral potential to spur investment in clean energy.
We have an experienced team to handle all advisory and related aspects of oil and gas, mining and energy. Our team is especially skilled in navigating all the regulatory, contracting, licensing, procurement, financing, risk analysis and mitigation, national content and environmental and social sustainability aspects of oil and gas, mining and conventional and transition energy sources.
