Overview:

Ugandan local enterprises are urged to prepare for massive opportunities in the oil and gas sector as the country transitions to the production phase. First Oil is expected in late 2026.

KAMPALA, Uganda — Ugandan enterprises were urged to prepare for a host of new opportunities as the nation’s oil and gas sector transitions from infrastructure development to the production phase, officials said Wednesday at the sixth Annual National Content Conference.

The two-day conference, held at Mestil Hotel, is operating under the theme, “Beyond the Drill: Cultivating a Legacy of Empowered Nationals and Enterprises in Uganda’s Oil Age.”

The Minister of State for Energy, Okasai Opolot, officiated the opening ceremony, emphasizing Uganda’s historic shift.

“Uganda stands at a defining moment after nearly two decades of exploration, appraisal, and meticulous planning,” Opolot said. He noted that with 6.65 billion barrels of oil in place, 1.65 billion barrels are economically recoverable, and production is expected to reach 230,000 barrels per day, positioning Uganda as a significant mid-tier oil producer in Africa.

The minister stressed that the real measure of progress is building resilient institutions, empowering local enterprises and developing a skilled workforce.

Ernest Rubondo, executive director of the Petroleum Authority of Uganda, highlighted that First Oil is expected in the second half of 2026. He outlined that the conference will explore opportunities in the production phase, national content performance and financing for Ugandan enterprises.

Rubondo identified key areas for Ugandan companies to participate, including:

  • Support services and maintenance contracts for operations facilities
  • Supply of chemicals, equipment and machinery
  • Health, Safety and Environment services
  • Logistics, freight forwarding and intra-field transport
  • Specialized engineering and fabrication services

“Our focus is to maximize value retention for Ugandans and make Uganda a sound investment destination,” Rubondo said, reaffirming the PAU’s commitment to supporting local enterprises.

Michael Atingi-Ego, governor of the Bank of Uganda, delivered the keynote address, urging participants to ensure the oil wealth is converted into lasting national assets.

“The real test is not in extracting resources, but converting them into productive assets,” Atingi-Ego said, referencing economists Paul Collier and Joseph Stiglitz. “The $11 billion already invested is not just capital. It is the foundation for roads, industrial parks, and logistical hubs that will serve our economy long after the oil has gone.”

The conference features an exhibition for companies to showcase their services and will conclude with the National Content Awards, recognizing excellence in skilling, technology transfer and supplier development.