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Uganda is preparing to launch the third round of oil exploration licenses in July 2025, signaling a new phase in the country’s efforts to develop its oil sector.
This move is expected to attract further investment and help expand the nation’s energy resources.
Earlier this year, in August, the Ugandan government revealed that its geologists had been conducting surveys in two newly identified regions: the Moroto-Kadam Basin in the northeast and the Kyoga Basin. Initial studies suggest these areas may hold significant untapped potential for oil and gas exploration.
Energy Minister Ruth Nankabirwa shared the government’s excitement about the new exploration areas, noting that the upcoming licensing round will target these regions, offering opportunities to both local and international companies interested in Uganda’s growing energy sector.
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This initiative is part of Uganda’s broader plan to boost its oil production, which is expected to begin in earnest in 2025 with operations at the Tilenga and Kingfisher fields in the Albertine Graben basin. The country has already identified about 6.5 billion barrels of oil, but only about 40% of the Albertine Graben has been explored so far, leaving vast potential for further discoveries.
The licensing round is seen as a critical step toward stimulating the economy, creating jobs, and enhancing Uganda’s standing in the regional energy market. The government is working to address infrastructure challenges and attract the necessary investments to ensure the growth of the oil and gas industry in the country.
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