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  • Three international oil companies are currently licensed in Uganda and working under a Joint Venture Partnership:China National Offshore Oil Corporation Uganda Limited (CNOOC (U) Ltd), Total E&P Uganda B.V and Tullow Uganda Operations Pty Limited.
  • Over 30 seismic surveys have been undertaken resulting in the acquisition of 7,254.6 line Kilometers of Two Dimensional (2-D) seismic data and 1,948.6 square kilometers of Three Dimensional (3-D) Seismic data. 
  • 120 exploration and appraisal wells have been 
  • 106 of these wells encountered oil and/or gas 
  • Uganda boasts of a drilling success rate of over 85%. 
  • 21 oil and/ or gas discoveries all in the Albertine Graben bordering the Democratic Republic of Congo. 
  • Petroleum resources estimated at over 6.5 billion barrels of oil equivalent in place with 1.4 billion barrels of oil estimated to be recoverable. 
  • Less than 10% of the Albertine Graben is currently licensed, while over 14,000 Sq. km of acreage with high potential for petroleum production remains unlicensed in the Albertine Graben. 
  • Over 10,000 sq. km of acreage with potential for petroleum production exists outside of the Albertine Graben 
  • Cumulative
  • Foreign Direct investment in petroleum exploration since 1998 was estimated to be US$ 2.8 billion at the end of 2014 but was projected to reach US$ 3 billion by end of 2015.