Uganda National Oil Company Limited (UNOC) was established under Section 42 of the Petroleum (Exploration, Development and Production) Act and Section 7 of the Petroleum (Refining, Conversion, Transmission and Midstream Storage) Act, both of 2013. UNOC was incorporated under the Companies' Act of 2012 as a limited liability company wholly owned by the Government of Uganda.
Our overall function is to handle the Government of Uganda's commercial interests in the petroleum sector and to ensure that the resource is exploited in a sustainable manner.
To be an innovative and profitable company that operates across the petroleum value chain for the benefit of all Ugandans.
To drive sustainable growth of the Oil & Gas sector through strategic partnerships and champion national participation.
OUR STRATEGIC THEMES
- Invest in people: An empowered workforce focused on innovative and continuous improvement of the organization and ourselves.
- Partner strategically: Long term relationships built on synergies that deliver projects as planned, create commercial benefits, share risks and ultimately transfer knowledge and build national capacity.
- Build the business: Fit for purpose systems, processes, policies and procedures resulting in operational excellence (safe, efficient, effective, compliant, self-sustaining, cash flows) underpinned by international standards and practice.
UNOC is also mandated to investigate and propose new upstream, midstream and downstream ventures initially locally and eventually internationally. In line with this mandate, UNOC plans to start new upstream ventures and is currently reviewing data relating to some prospects in Albertine Graben. In addition, UNOC has ongoing and future midstream and downstream operations.
- Safety First.
- Concern for the Environment.
- Continuous Improvement.