Continental Focus, International Reach

Uganda Plans 2019 Licensing Round

Monday, November 12, 2018

Uganda plans to launch a new licensing round for oil exploration in mid-2019. According to Ernest Rubondo, executive director of the Petroleum Authority of Uganda, the licensing round will kick off in May 2019.

“We will have a road show first and then we will start the bidding round in May next year,”Rubondo was cited by Reuters as saying on the sidelines of an industry event in Cape Town.

Total and CNOOC plan to begin production in Uganda but will miss the government’s target of 2020. Both firms say that first oil flows will begin in 2021.