Kenj Nabirye

Kenj Nabirye

Bunyoro King Encourages Youth To Study

The people of Bunyoro should send their children to school so that the kingdom can get experts to work in the burgeoning oil and gas sector, the King of Bunyoro Kitara Kingdom, His Highness, Solomon Gaffabusa Iguru, told his ministers at a meeting this week.

The message was also directed at the kingdom’s youths who according to the King have a right to study. Speaking at the closing ceremony of a two day retreat meeting at Adonia Hotel in Buliisa Town on Tuesday, the King said with education the kingdom will experience development and innovation.

” I call on all the people of Bunyoro to send children to school. Bunyoro need experts in oil production and agriculture” the King said. He warned youths against engaging in behaviors that put their lives in danger. He encouraged youths not to contract HIV/AIDS and abuse of drugs.

Bunyoro is home to over 6.5billion barrels of crude oil which awaits extraction. Government of Uganda will this year license more oil companies to undertake oil exploration in acreages located in Bunyoro. Ever since oil was discovered in 2006, Bunyoro became an important part of Uganda.

The King has been vocal in ensuring that his subjects directly and indirectly benefit from the natural resource. He has specifically lobbied for jobs for his youths. The Kingdom has also demanded for a high rate of loyalties from oil.

 

 

Victoria University Starts Short Oil And Gas Courses

The Victoria University Oil and Gas Department has announced that short course training in oil and gas management will be held starting from 27th August 2016. Registration for the general public is ongoing for our August intake, the Jinja Road based University said in a statement.

Training is conducted by professionals working in the oil and gas industry and other consultants practicing along the oil and gas value chain. This programme targets professionals who are working in the oil and gas industry and those working for organizations and sectors whose businesses support the oil and gas industry.

The programme includes an oil and gas education tour of the Oil Fields in the Albertine Graben (Hoima and Buliisa Oil Fields). The training program equips delegates with skills and knowledge to start a rewarding career in the oil and gas industry. On successful completion, delegates are awarded the Certificate of Achievement in Oil and Gas Management.

The fees for the programme are Uganda Shs1, 400,000 (One million four hundred thousand). Foreign applicants shall pay Uganda Shs1, 500,000 (One million five hundred thousand) including a field trip. The fees include training fees and fees for the field trip.

In an exclusive interview with Earthfinds in February this year, Victoria University Vice Chancellor Dr. Stephen Robert Isabalija said they would add more oil and gas related course. And these short courses which will be seven weekends’ long come as a partial fulfilment to the vice chancellor promise.

Uganda Invites Four Oil Companies To Negotiate Production Sharing Agreements

The Ministry of Energy and Mineral Development has invited four foreign oil companies to negotiate Production Sharing Agreements (PSAs) in Uganda’s first competitive licensing round. The ministry said it has completed evaluation of bids submitted by over ten oil companies and is ready to negotiate with successful companies.

The successful companies are Armour Energy Limited of Australia for the Kanywataba Block, to negotiate Production Sharing Agreements (PSAs), WalterSmithPetroman Oil Limited of Nigeria, for the Shallow and Deep Plays in the Turaco area, Oranto Petroleum International Ltd of Nigeria for the Shallow and Deep Plays in the Ngassa area and Niger Delta Petroleum Resources Ltd of Nigeria for the Shallow and Deep Plays in the Ngassa area.

In a press statement released on Monday, the energy ministry said government of Uganda will negotiate five PSAs with these companies and issue five exploration licenses, upon successful negotiation. The five PSAs are one for the Kanywataba block and two for the shallow and deep plays of the Turaco and Ngassa blocks respectively. 

Negotiations for the five PSAs will commence during the first week of August 2016 and are expected to be concluded during the month. Ernest Rubondo, Director for Petroleum in the Ministry of Energy & Mineral Development (MEMD), is quoted in the statement saying that negotiations for these PSAs is the final milestone before granting exploration rights over these areas. 

The key aspects to be discussed during the negotiations will include the respective work programmes, National Content and the fiscal aspects like Royalty which were biddable. Further due diligence will be undertaken on the successful bidders with regard to their financial, technical and Health, Safety and Environment management capabilities prior to the issuance of licenses.

Rubondo added that the investments and activities arising out of the exploration work under these new exploration licences are expected to come at the same time as the investments and activities of developing the already discovered oil fields in the country and those for constructing the infrastructure for commercialization which include a refinery and an export pipeline.

These multiple activities will lead to a significant increase in investment in Uganda’s oil and gas sector and an increase in its knock-on effect on the other sectors of the economy. Uganda’s first licensing round is being undertaken in line with the National Oil and Gas Policy for Uganda (2008) and in accordance with the Petroleum (Exploration, Development and Production) Act 2013.

Stones Attract Italian Investors

A delegation of Italian entrepreneurs, through their company called Intercominvest, while meeting President Yoweri Museveni last week expressed interest to exploit granite and marble minerals in Uganda. The two natural resources are major materials in the sector of building and road construction.

President Museveni told the leaders of Intercominvest Company that spearheaded the delegation that granite and marble should be used in building and construction of municipal roads, walkways and small urban street roads in the country as well as floors of houses. 

The Ugandan leader advised the visiting Italians to visit areas of Kibaale district in the Bunyoro Sub-Region where they will be able to appreciate the abundant crop of rocks that could be of great use in their construction work.

Granite and marble are part of the different types of minerals spread across the country offering improved prospects of wealth creation, employment, and security.

The Intercominvest is a family construction company that was founded in 1987 by Franco Del Maestro and Remus Minchella. Del Maestro was part of the delegation that met President Museveni at State House in Entebbe.

The company took steps to work in Africa when it established itself in Equatorial Guinea after the year 2000 as a leader in the field of civil construction, industrial, institutional and in all public and private construction sectors from architectural, structural and plant engineering, among others.  

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