The Petroleum Authority of Uganda (PAU), the regulator of the oil and gas sector in the country, reveals that the cumulative value of contracts reviewed, since 2021, stands at $7.163bn.

Of this sum, $1.797bn (25%) is earmarked for Ugandan companies through direct Tier 1 contracting and sub-contracting from IOCs.

A final investment decision announced in February 2022 indicated that about $20bn ahead of the first oil expected in 2025. This investment is expected to earn Uganda about $50bn in the next 20 years.