Uganda is exploring additional oil prospects in two new regions. Preliminary petroleum exploration studies are being conducted in the Moroto-Kadam and Kyoga basin while similar surveys have started in the Kyoga basin.
Announced by Uganda’s Minister of Energy and Mineral Development Ruth Nankabirwa, the exploration strategy follows an annual budget increase for the oil and gas sector to $246 million – up from $120 million last year – through June 2025, Reuters has reported.
Uganda’s sole commercial quantities of crude oil are situated in the Albertine Graben basin where production is expected to start next year. The basin holds the Tilenga and Kingfisher oil fields, which are estimated to hold 6.5 billion barrels of oil reserves, of which 1.4 are recoverable.
