The researchers at the Ministry of Energy and Mineral Development (MEMD) in Uganda have revealed that the Lake Kyoga basin may be exhibiting geological conditions analogous to those found in the Albertine region.
According to the preliminary findings, scientists are continuing their research to better understand the geological characteristics of the Lake Kyoga basin.
This includes studying the sedimentary layers and analyzing rock samples to assess the presence of hydrocarbons.
“If the Lake Kyoga basin proves to hold similar potential, it could open new avenues for exploration and production, potentially boosting Uganda’s oil output and contributing to national revenue,” revealed the report.
They further noted that the potential discovery of oil in the Lake Kyoga basin could not only enhance the country’s energy independence but also support economic growth and development initiatives.
“The preliminary findings from MEMD scientists regarding the Lake Kyoga basin are a promising indication of Uganda’s untapped oil potential. As research continues, the hope is that this region can contribute significantly to the country’s energy landscape, similar to the benefits seen in the Albertine region,” MEMD officials added.
These findings could have significant implications for Uganda’s energy sector and economic future. The Albertine region has already been a focal point for oil exploration and extraction, leading to increased investment and development in the area.
Scientists noted that the findings could pave the way for further exploration initiatives and attract both domestic and international investors interested in tapping into Uganda’s natural resources. As the situation develops, stakeholders in Uganda’s energy sector will be closely monitoring these findings.
The ministry has advised the public interested in more insights and updates on this ongoing research to contact and follow the developments through the Ministry of Energy and Mineral Development’s channels.