404
A. R. Tom
The country is currently pursuing an extensive infrastructure development campaign with the existing infrastructure financing deficit estimated at 0.4 Billion per annum and rising (World Bank 2017). The
country further hopes to attain upper-middle-income status by 2040.
This target requires significant resources with the current sources unable
to match the demands. The agricultural sector is mostly subsistencebased, and the services sector offers minimal linkages. The anticipated
revenues from Oil and Gas extraction are, therefore, a key resource to
actualizing Government programmes (NPA 2013). Resource governance
and development are equally paramount as resource possession alone
does not guarantee successful development in line with Government and
Investor objectives.
13.2.3.1 Hydrocarbon Development in Uganda
Petroleum resources were first documented by the colonial government
geologist EJ Wayland in the publication Petroleum in Uganda (1925)
which detailed 52 oil and gas seeps, 10 of which were confirmed on
the Ugandan side of the Albertine Graben. This led to the drilling of the
first shallow stratigraphic well; Waki-B1; in 1938 by the Anglo European
Investment Company and the subsequent drilling of 22 shallow stratigraphic wells in Kibiro and Kibuku for geological correlation. Attempts
to further the resource development were hampered by the Second World
War and later the colonial zoning of East Africa as an agricultural region.
Following independence in 1967, a period of political upheaval befell
Uganda and thus hampered the investment in petroleum exploration
(Twebaze 2013).
As political stability was re-established in the late 1980s, the Government was able to acquire geological data commencing with 9578 line
kilometres of aeromagnetic data in 1983 and gravity data over Lake
Albert in 1992. The establishment of a Petroleum Exploration Project in
1985 facilitated the promotion of exploration, acquisition of geological
and geophysical data and the enactment of the Petroleum (Exploration
and Production) Act 1985 (Twebaze 2013).
A. R. Tom
The country is currently pursuing an extensive infrastructure development campaign with the existing infrastructure financing deficit estimated at 0.4 Billion per annum and rising (World Bank 2017). The
country further hopes to attain upper-middle-income status by 2040.
This target requires significant resources with the current sources unable
to match the demands. The agricultural sector is mostly subsistencebased, and the services sector offers minimal linkages. The anticipated
revenues from Oil and Gas extraction are, therefore, a key resource to
actualizing Government programmes (NPA 2013). Resource governance
and development are equally paramount as resource possession alone
does not guarantee successful development in line with Government and
Investor objectives.
13.2.3.1 Hydrocarbon Development in Uganda
Petroleum resources were first documented by the colonial government
geologist EJ Wayland in the publication Petroleum in Uganda (1925)
which detailed 52 oil and gas seeps, 10 of which were confirmed on
the Ugandan side of the Albertine Graben. This led to the drilling of the
first shallow stratigraphic well; Waki-B1; in 1938 by the Anglo European
Investment Company and the subsequent drilling of 22 shallow stratigraphic wells in Kibiro and Kibuku for geological correlation. Attempts
to further the resource development were hampered by the Second World
War and later the colonial zoning of East Africa as an agricultural region.
Following independence in 1967, a period of political upheaval befell
Uganda and thus hampered the investment in petroleum exploration
(Twebaze 2013).
As political stability was re-established in the late 1980s, the Government was able to acquire geological data commencing with 9578 line
kilometres of aeromagnetic data in 1983 and gravity data over Lake
Albert in 1992. The establishment of a Petroleum Exploration Project in
1985 facilitated the promotion of exploration, acquisition of geological
and geophysical data and the enactment of the Petroleum (Exploration
and Production) Act 1985 (Twebaze 2013).