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Peninah Aheebwa is responsible for ensuring cost-efficient oil and gas operations in the country, the economic feasibility of the projects and promoting the participation of Ugandans in the sector.
Ms. Aheebwa has experience in the economics, commercial and policy aspects of Uganda’s oil and gas sector. She has contributed to the negotiation of the production licenses, Production Sharing Agreements, the commercialization plans for the country’s oil and gas resources and the formulation of the country’s legal and regulatory framework.
She holds a Master of Science degree in Energy Studies specialising in Oil and Gas Economics from the University of Dundee, UK.
Before joining the Authority, she worked with the Ministry of Energy and Mineral Development in different capacities from 2002 to 2017, rising through the ranks to become a Principal Petroleum Officer in 2015.
She has vast experience in the areas of economics, commercial aspects, policy and planning for the oil and gas sector.
Ms. Aheebwa underscored Uganda’s strides in promoting local unwavering commitment has promote local employment and industry participation. She reveals since 2017, the industry has executed 5,280 procurements worth $5.3 billion. Of these, 4,511 procurements (40%) valued at $2.1 billion went to Ugandan companies, with $19 million directly benefiting community-based enterprises.
Additionally, 35 joint ventures have secured contracts worth $300 million out of 64 approved, and over $200,000 in software licenses have been distributed to universities to foster technology transfer and capacity building.
As of June 2024, 15,451 individuals were directly employed by licensed oil companies, their contractors, and sub-contractors. Of these, 13,048 (90%) are Ugandans, including 4,483 employees from communities directly hosting oil and gas activities.
For a comprehensive CEO East Africa Magazine of the top 100 oil and gas leaders in Uganda⏤ government policymakers, regulators and decision-makers, oil companies, subject matter experts, contractors and civil society ⏤working day and night to make this historic moment a reality, please follow this link: https://www.ceo.co.ug/ugandas-oil-gas-industry-comes-of-age-meet-the-100-oil-and-gas-leaders-driving-the-race-to-first-oil/
#WomenFixingUganda #100UGOilandGasLeaders