The discovery of oil in Uganda, if well utilized will definitely transform the economy. According to Tullow oil the company contracted to do the exploration in partnership with Total and CNOOC, between 1.2 billion to 1.7 billion barrels of recoverable petroleum resources are expected in Uganda once production begins. Currently, Uganda consumes about 25,000 barrels of oil per day and the oil companies expect the approved refinery to produce up to the capacity of 60,000 barrels per day. The government has already shortlisted 6 international companies for the development, implementation and operation of the refinery to be located in Kabale, Hoima district. The company that gets the tender will be announced in mid 2014. 
Tullow Oil General Manager Jimmy Mugerwa speaking at a recent launch of the first Tullow oil Report in Uganda said the estimated capital investment for the upstream development of Uganda’s resources discovered in the Lake Albert Rift Basin will be in the region of between US$ 8 to US$ 12 billion.
The development phase will take approximately three years after the final investment decision. This implies timely completion and approvals of the field development plans (FDPs) which will lead to getting the final investment decisions by the various company boards within the next 24 months.
“The scale and complexity of the project plus geographical characteristics and upgrading needs to start now to ensure first oil as soon as possible,
