Mining lobby UCMP salutes’ hits in Oil and Gas as Uganda gets closer to first barrel

July 5, 2024 in Business, Companies, Energy, Trade & Industry by Editor

The Uganda Chamber of Mines & Petroleum UCMP, is using the fourth edition of its 90 Days of Oil and Gas Media Campaign to draw attention to Uganda’s adherence to Environmental Social and Governance ESG standards, as the country approaches commercial oil production next year.

The campaign, flagged off last month, “is underway focusing on the theme ‘Uganda’s Journey to First Oil in the Face of a Just Energy Transition”’, the chamber said in a statement.

This year, the annual campaign, draw attention to emerging issues in the oil and gas sector and how they are likely to influence investment decisions in the sector going forward.

“The main objectives of this year’s campaign are; to offer a platform for oil and gas sector actors to showcase their response to Environmental Social and Governance (ESG) requirements; to provide a platform for the government and its partners to check oil sector actors on their response to the international ESG standards and to provide space for sector players to update the country on the progress of the oil and gas sector project ahead of FIRST OIL in 2025,” UCMP chief executive officer Humphrey Asiimwe, said in remarks ahead of launch.

Asiimwe added that as the country, rushes towards First Oil, stakeholders should remain committed to “exploiting our oil and gas resources in a fair and just way so that as a country we benefit and as a universe, we continue to protect our environment.”

The campaign comes at a time of growing global concerns over the pace of the energy transition, global energy trade, technology adoption, and accomplishing key downstream projects to enable the sector to progress.

Players will showcase success stories about their Environment, Social, and Governance initiatives. Featuring also will be updates on the progress of production drilling, the East Africa Crude Oil Pipeline EACOP, the Refinery, Kabalega International Airport, and social impacts of oil roads and associated infrastructure.

The campaign that started on June 4, is scheduled to run until August 30. The event which has become popular among sector stakeholders, reached more than 500, 000 people through traditional and new media platforms.