French Oil Firms Target Uganda's Nascent Oil Sector

With the political will on kick-starting the processes of producing Uganda’s oil and gas on the table, The Private Sector from across the world might be receiving the confidence to venture into the country. A strategic role by the French firm TOTAL in the local industry attracted some quarters from France’s largest Public and Private Sector grouping Evolen to Uganda. “It’s a French Oil and Gas Association which has a combined expertise of 1,320 members, 220 companies, and 1,100 professionals. And it covers the whole value chain of the oil and gas sector from exploration, production, development, logistics, refining, and distribution.” Said, Stephanie Rivoal – French Ambassador to Uganda.

A major decision on Uganda’s oil and gas operations known as the final investment decision was expected before the end of this year. In what both industry players and the government hoped would allow for massive infrastructure capital inflows. “Over time, there will need to come together as a joint partner or some may be forming down by some investors, so those are some of the opportunities.” Said, Simon Du’jang – Minister of State for Energy.

Among others, these oil and gas investors from France were encouraged to form joint ventures with competent and relevant Ugandan firms in particularly the down mainstream areas of the oil sector. “We pay more attention to local content and I think this would be instrumental in the development of Uganda. We are not the type of company that comes and go and go. We come, we train, we hire, and we leave behind seals.” Said the French Ambassador to Uganda. Uganda had set the year 2020 in which it expected to attain commercial production of the oil resource with export via the East African Crude Oil Pipeline taking center stage.