By Ibrahim E. Kasita
LAGOS, NIGERIA, 24TH JANUARY 2019 – The Uganda National Oil Company Limited (UNOC) sees collaboration and innovation as integral to sustaining income generation for the company and national content development.
“Our vision is to be an innovative and profitable company that operates across the petroleum value chain for the benefit of all Ugandans,” said Dr. Michael Nkambo Mugerwa the general manager of UNOC’s subsidiary, Uganda Refinery Holding Company Limited (URHC).
“The mission is to drive sustainable growth of the Oil & Gas sector through strategic partnerships and championing national participation.” He was speaking at the 3rd edition of the West African International Petroleum Exhibition and Conference (WAIPEC) held in Lagos, Nigeria from 23rd to 24th January 2019.
UNOC’s delegation was led by Hon. Grace Tubwita Bagaya a member of the Board of Directors. This year’s theme was “Innovation – Sustaining Sub Saharan Oil and Gas Production Through Innovation and Collaboration.”
Dr. Mugerwa told the over 300 delegates from the oil & gas industry that UNOC’s mandate related to joint venture opportunities.
They include, he outlined, develop in-depth expertise in the oil and gas sector; participate in joint venture in which it holds an interest on behalf of the Government; and, investigate and propose new upstream, midstream and downstream ventures.
“UNOC has been approached for joint venture opportunities in specialized sectors and some potential transformation sectors,” he said.
“Following the example of other National Oil Companies, there is an opportunity to generate income and develop national content in these sectors.”
Jessica Kyeyune, the National Content Specialist of UNOC, said that to enable national participation, UNOC focuses on three strategic themes of strategic partnerships, investment in people and building a business with commercial sense.
She further said that National Oil Companies need to re-engineer themselves to be profitable in the low-price era and need to practice operational excellence through creating high performance teams, create value addition to the economy and cultivate a culture of excellent decision making. End…/