Local Ugandan firms have been given an opportunity to participate in the oil and gas sector.
According to Dr Earnest Rubondo, the Petroleum Authority Executive Director, the Authority approved work programmes for local companies amounting to $400 million for the supply of goods and services in oil and gas.
Addressing journalists in Kampala on Thursday, Rubondo said that this is part of the efforts to implement the local content policy which was approved by cabinet in June this year.
He urged national companies intending to supply in the oil and gas sector to focus on technical services such as legal and engineering aspects which he says pools a lot of money compared catering services.
The Petroleum Authority of Uganda (PAU) is a statutory body established under the Petroleum (Exploration, Development and Production) Act 2013 to monitor and regulate the exploration, development and production of the oil and gas sector.
Participation by Ugandan firms has however been minimal during the exploration. Official records indicate the international oil companies invested over $3.5bn during the exploration phase.