UNOC CEO Wins Continental Award, Tours Dangote Refinery

Our CEO, Proscovia Nabbanja has won a continental award, thanks to the ongoing oil and gas projects.  
She received the “National Oil Company Executive Of The Year” Award at the 7th edition of the Sub Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) in Lagos, Nigeria.

It is the second time in a row that the CEO wins the award. The first time was at last year’s SAIPEC. In 2022, it was in recognition of developments like the Final Investment Decision (FID) for the Upstream projects (Tilenga & Kingfisher) and the East African Crude Oil Pipeline (EACOP).

This year’s award is linked to UNOC’s resilience in progressing EACOP, one of our key projects. In spite of naysayers largely foreign, the Company and the shareholders are proceeding with the project. Work on key features like the marine terminal, coating plant (in Tanzania), main camp and pipe yards is ongoing including compensation of affected persons.

Commenting on the award, the CEO stated, “It is an honor to receive the award for NOC Executive of The Year for the second year running. This has been achieved due to the hard work that ‘team unoc’ has put in to enable us realise the numerous milestones across our projects. I want to thank SAIPEC for recognizing these efforts.”

Hosted by the Petroleum Technology Association of Nigeria (PETAN), with the strategic partnership of the Nigerian Content Development and Monitoring Board (NCDMB) SAIPEC, according to a conference website, is the “largest event in the centre of the region's energy, oil and gas hub, but also the only truly industry-led event, held in partnership with the country’s petroleum sector”.  
Oil companies, industry leaders, oil, and gas service providers, who exhibit, attend the annual conference. This is in addition to thousands of participants.

Cognisant of opportunities at the conference, UNOC exhibited focusing on Kasuruban, an oil and gas block in the Albertine Graben, Western Uganda. A key requirement of the Production Sharing Agreement for the block, is seeking a joint venture partner.

As part of the SAIPEC activities, the CEO visited the Dangote Petroleum Refinery and Petrochemicals site in Lekki. It is owned by Nigerian magnate, Aliko Dangote.  Sitting on over 2600 hectares, the expansive facility is planned to refine 650,000 barrels of crude oil and is anticipated to start this year. The Petroleum Authority of Uganda Executive Director, Ernest Rubondo and Uganda’s High Commissioner to Nigeria, Nelson Ocheger were part of the team.

The benchmark visit to Lekki was important as a refinery is one of our key projects. A component of the Kabaale Industrial Park in Hoima, it is planned to refine 60,000 barrels of crude oil per day to be consumed locally and in the region. The project is progressing with key agreements, among them the crude oil supply, being negotiated. The FID is expected this year. END