The Uganda National Oil Company (UNOC) has signed an MOU with BakerHughes, a global technology and innovation company, to build technical capabilities and operationalise UNOC’s Centre of Excellence for Research, Training, and Innovation.
This UNOC and Baker Hughes partnership is seen as a strategic positioning to launch a major step towards UNOC’s 2030 ambition to become an independent operator in the oil and gas industry, equipping Ugandans with world-class skills and positioning the company as a regional leader in energy innovation.
Uganda Oil Company disclosed that a partnership with a global energy technology leader like BakerHughes will strengthen its ability to deliver advanced technical services, drive innovation, and create value that lasts for generations.
Uganda is earnestly seeking to join the global oil and gas upstream sector countries through its Tilenga and Kingfisher prolific oil discoveries, made by TotalEnergies and CNOC, respectively.
Tilenga oilfield has a combined volume of 5.8 billion barrels of oil in place, with recoverable resources estimated at 874 million barrels. The project is projected to produce 190,000 barrels of oil per day at its peak and is scheduled to begin production in 2025-2026
The Kingfisher project has estimated reserves of 560 million barrels of crude oil and will produce 40,000 barrels of crude oil per day during peak production.
Tilenga and Kingfisher projects in the upstream sector, which are expected to cost $6-8 billion; the EACOP project, valued at approximately $5 billion; and the $4 billion Uganda Refinery Project in the midstream sector.
