PARTNER CONTENT
EXPRESSION OF INTEREST
NOTICE OF EXPRESSION OF INTEREST FOR JOINT VENTURE PARTNERSHIP (JVP) WITH UGANDA NATIONAL OIL COMPANY LIMITED (UNOC) IN THE PRODUCTION SHARING AGREEMENT FOR THE KASURUBAN CONTRACT AREA
The Uganda National Oil Company Limited (UNOC) was established under Section 42 of the Petroleum (Exploration, Development and Production) Act, 2013 and incorporated under the Companies Act 2012, in June 2015. It is a limited liability company wholly owned by the Government of Uganda. Its key mandate is to handle the state’s commercial interests in the oil and gas industry and ensure that the resource is exploited in a sustainable manner.
UNOC signed a Production Sharing Agreement (PSA) with the Government of Uganda in respect to the 2nd Kasuruban Contract Area (KSCA) and was awarded a Petroleum Exploration License on 2 February 2023. UNOC holds 100% participating interest in the PSA for the KSCA.
The exploration license runs for an initial period of two (2) years subject to renewal for a maximum of two (2) successive renewals not exceeding two (2) years each in accordance with the Upstream Act of 2013. UNOC was granted a renewal of die petroleum exploration licence over the KSCA for two (2) years Second Exploration Period from 3rd March 2025 to 2nd March 2027.
UNOC successfully delivered an aggressive work program for die First Exploration Phase that included Geological. Geophysical and their technical studies including petrophysical analysis and reservoir characterisation, basin analysis and resources assessment to enhance the petroleum prospectivity of the Contract Area. The work program activities for the Second Exploration Phase include reprocessing of
existing 2D seismic data, acquisition and processing of additional 2D seismic data and drilling of at least one exploratory well.
UNOC now invites entities tiiat are interested in a joint venture partnership in the PSA for petroleum exploration, development and production for the Kasuruban Contract Area to submit a proposaL The entity must have a proven track record of operating petroleum exploration and production licenses.
To access die EOI Guidelines, interested entities should send their company profile and the Power of Attorney to jvexploration@unoc.com. The EOI should be sent to UNOC on the same email address above not later than 17:00 hours East African Time (EAT) (Greenwich Mean Time (GMT) +3) on 28th July 2025.
CHIEF EXECUTIVE OFFICER
Plot 15 Yusuf Lule Road | P.0 Box 36316 Kampala, Uganda | Tel: ♦ (256) 312 444 600 | www.unoc.co.ug
