Legal and Regulatory Framework for Oil and Gas Exploration and Production in Uganda: “Lessons Learned and Future Perspectives”
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Date
2024
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Uganda Christian University
Abstract
The discovery of significant oil reserves in Uganda's Albertine Graben region in 2006 presents a tremendous opportunity for economic growth and energy security in Uganda. However, the success of the oil and gas industry hinges on a robust legal and regulatory framework that ensures responsible and sustainable resource extraction. This study provides an analysis of Uganda's evolving legal landscape concerning oil and gas activities, drawing insights from past experiences and projecting future perspectives.
The examination begins with a historical overview, tracing the development of Uganda's oil and gas sector and analysing key legislative measures, regulatory institutions, and policy initiatives. It assesses the effectiveness of existing frameworks in governing exploration, extraction, and revenue management, while also addressing implementation challenges and gaps. By examining the experiences and challenges faced by Uganda in establishing this framework, valuable lessons can be learned to better prepare the nation for emerging trends, technological advancements, and environmental concerns.
On the basis of the legal and regulatory regime, Uganda can draw from the experiences of nations that have more mature legal and regulatory frameworks and adopt best practices from them. Through comparative analysis and case studies, this study elucidates the lessons derived from Uganda's regulatory journey in the oil and gas sector.
In addition, through identifying the successes and shortcomings of the existing framework, stakeholders can gain insights to enhance its effectiveness and make recommendations for laws and regulation going forward. Furthermore, this study explores the future trajectory of Uganda's oil and gas industry, considering emerging trends, technological advancements, and global energy dynamics.
Through anticipating future challenges and aligning with international best practices, Uganda can position itself as a responsible and attractive destination for oil and gas investments and at the same time be in a position of safeguarding environmental integrity and promoting socio-economic development.