Uganda National Oil Company (UNOC) chief executive officer Josephine Wapakabulo. Courtesy photo
Kampala.
The Abu Dhabi Crown Prince Sheikh Mohamed bin Zayed Al Nahyan has
hosted select global executives in the oil industry including the Uganda
National Oil Company (UNOC) chief executive officer Josephine
Wapakabulo.
The meeting discussed, among others, opportunities brought about by the fourth industrial revolution – technology - such as artificial intelligence and their impacts on the oil sector.
The third annual Abu Dhabi CEO Roundtable also discussed how oil companies can leverage on other technological advancements such as blockchain and predictive data and analytics.
Dr Wapakabulo told the meeting that UNOC can “can leapfrog the digital transformation through strategic partnerships”.
Dr Sultan Ahmed Al Jaber, the Abu Dhabi National Oil Company chief, underscored Abu Dhabi’s growing power as a global hub for the oil, gas and petrochemical industry.
“The fourth industrial age will create many new opportunities for the oil and gas industry to contribute to growth and people’s prosperity for decades to come,” he said, adding that the “roundtable was an important opportunity for us to share insights and perspectives on the future of our industry and to deepen the understanding of the factors shaping the evolving energy landscape and how best to navigate them.”
UNOC is a statutory body charged with handling Uganda’s commercial interests in the oil sector.
Currently, UNOC carries government’s 15 per cent participating stake in the nine production licences for oil fields operated by Total E&P, CNOOC and Anglo-Irish Tullow Oil.
Dr Wapakabulo said Uganda was a conducive investment environment, encouraging potential investors to pick interest in available opportunities in the oil and gas sectors.
musisif@ug.nationmedia.com
The meeting discussed, among others, opportunities brought about by the fourth industrial revolution – technology - such as artificial intelligence and their impacts on the oil sector.
The third annual Abu Dhabi CEO Roundtable also discussed how oil companies can leverage on other technological advancements such as blockchain and predictive data and analytics.
Dr Wapakabulo told the meeting that UNOC can “can leapfrog the digital transformation through strategic partnerships”.
Dr Sultan Ahmed Al Jaber, the Abu Dhabi National Oil Company chief, underscored Abu Dhabi’s growing power as a global hub for the oil, gas and petrochemical industry.
“The fourth industrial age will create many new opportunities for the oil and gas industry to contribute to growth and people’s prosperity for decades to come,” he said, adding that the “roundtable was an important opportunity for us to share insights and perspectives on the future of our industry and to deepen the understanding of the factors shaping the evolving energy landscape and how best to navigate them.”
UNOC is a statutory body charged with handling Uganda’s commercial interests in the oil sector.
Currently, UNOC carries government’s 15 per cent participating stake in the nine production licences for oil fields operated by Total E&P, CNOOC and Anglo-Irish Tullow Oil.
Dr Wapakabulo said Uganda was a conducive investment environment, encouraging potential investors to pick interest in available opportunities in the oil and gas sectors.
musisif@ug.nationmedia.com
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