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SPECIAL REPORT: The state of Uganda’s oil and gas sector in 2024

Muhereza Kyamutetera

One of the ZPEB-operated rigs in the Tilenga Project operated by French giant Total Energies EP Uganda, who have so far undertaken drilling of 25 oil wells since June last year out of the 426 wells across 31 well pads.

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2024 will be a defining year for Uganda's oil sector with several investment deals to be inked as the oil project nears its first oil in 2025. Noteworthy is that since the landmark discovery of oil in Uganda's Albertine Graben in 2006, the oil sector has had a significant cumulative investment of USD 8.6 billion (UGX 33 trillion) creating over 13,000 jobs, and a cumulative investment of USD 20

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