21
Aug
Uganda's ambitious oil and gas sector is steadily advancing towards commercial production, following the landmark Final Investment Decision (FID) made in 2022 by joint venture partners—TotalEnergies E&P Uganda, China National Offshore Oil Company (CNOOC) Uganda Ltd, and Uganda National Oil Company (UNOC). This major milestone set in motion several flagship projects in both the upstream and midstream sectors, with a combined investment exceeding US $20 billion. In the upstream sector, Uganda is making strides in both exploration and production. The government continues its efforts to discover new petroleum resources and enhance the existing reserves, which currently stand at 6.5 billion…