Dennis Kamurasi of the Association of Uganda Oil and Gas Service Providers says businesses are counting loses due to the lull in the sector.
Kamurasi says this lull has dragged on since 2010 with little or no activity in the three joint venture oil companies Tullow Uganda, Total E&P and China National Oil Company yet these firms, just like the service providers, have invested heavily into oil exploration, production and awaiting production. He however predicts that activity could resume since the president appointed the National Petroleum Authority and the National Oil Company recently.
Instituting these two bodies could see the Government Issue production licences to Tullow and Total by early next year because even though CNOOC got a production license in 2013, it has not done much.