Ugandan enterprises have been encouraged to position themselves for major business opportunities as the country enters the oil and gas production phase, government and industry leaders told participants at the 6th Annual National Content Conference in Kampala on Wednesday.
Okasai Opolot, the Minister of State for Energy, said Uganda is now transitioning from exploration and infrastructure development to full-scale production after nearly two decades of preparation. He said Uganda has 6.65 billion barrels of oil in place, with 1.65 billion barrels recoverable.
“Our production capacity is expected to reach 230,000 barrels per day, positioning Uganda among Africa’s significant mid-tier oil producers,” he said.
He added that national progress will be measured not only through oil extraction, but by strengthening local institutions, empowering Ugandan companies, and developing a skilled workforce that can support the sector for generations. “This conference is not just a technical discussion. It is a reflection on our national ambition, shared responsibilities, and our collective future,” he said.
Petroleum Authority of Uganda Executive Director, Ernest Rubondo, confirmed that First Oil is expected in the second half of 2026. He said the production phase will create new avenues for Ugandan enterprises in areas such as maintenance support services, supply of machinery and chemicals, HSE services, logistics and freight, engineering, ICT, and skilled manpower.
“Our focus is to maximise value retention for Ugandans and make Uganda a sound investment destination,” Rubondo noted.
Bank of Uganda Governor, Michael Atingi-Ego, delivered the keynote address and urged participants to focus on long-term national benefits. He said the over US$11 billion already invested in Uganda’s oil sector must translate into prosperity for local companies and communities.
“The real test is not in extracting resources, but converting them into productive assets,” he said. “The true measure of success will be whether this oil age leaves behind empowered Ugandan firms, skilled workers, and resilient communities, not merely infrastructure without inclusion.”
The two-day conference at Mestil Hotel features discussions on financing, technology transfer, national content, and regional partnerships. It also includes an exhibition of products and services from sector players and will close with the National Content Awards, honouring companies excelling in skilling, supplier development, technology transfer, inclusivity, and CSR.
