AOW to overview Africa’s next energy frontier

At the forthcoming AOW Investing in African Energy event, running from 7-11 October in Cape Town, South Africa, Ugandan Minister of Energy and Mineral Development, Ruth Nankabirwa Ssentamu will explain how the East African nation has become one of the most promising new energy frontiers

The conference at the CTICC 2 is now in its 30th year and will bring together industry leaders to develop policy, share discoveries, secure investment and share Africa’s energy future. As such, the Ugandan Minister has been invited as a keynote speaker at the event and will deliver her presentation on the upstream oil and gas opportunities that the East African nation offers for global investors.

“Our country’s upstream development is well advanced,” said Nankabirwa. “Uganda is now able to offer investors the predictability they need above ground. I look forward to unpacking the wealth of energy opportunities at AOW, and discussing them with potential partners.”

The country offers development potential through an estimated 6.5bn barrels of oil in place and 1.4bn barrels deemed to be technically recoverable. The crown jewel of Uganda’s oil industry is the Kingfisher field, part of a US$10bn project to develop oil reserves under Lake Albert in the west of the country. Kingfisher, and the neighbouring Tilenga field, are part of a project that also involves constructing a pipeline to transport crude oil to international markets via Tanzania’s Tanga Indian Ocean port.

Besides achieving several milestones on the Kingfisher and Tilenga projects, Uganda has also made rapid regulatory progress, implementing robust new policies and frameworks to ensure a favourable investment climate for international energy companies looking to enter the country.

The address promises to be one of the highlights of the four-day event, with Uganda set to start pumping its first oil next year.