Hundreds of Kikuube district residents are expected to engage in various money-making activities and gain employment as Kingfisher begins first oil drilling.
Last week, President Museveni launched the first oil drilling on the Kingfisher site.
Dennis Kakembo, a petroleum taxation and finance expert, said on Sunday that there will be different commercial activities at the oil drilling site, where several local residents are set to secure jobs in the area.
“The sector will soon become a hive of commercial activities, indicating that this may be the time to cash in as more employment and trade opportunities open up to Ugandans,” he said.
Kakembo added that they are expecting a significant number of expatriates to come in to speed up the drilling of over 400 wells, through which the long pipe will pass.
“What I expect is that we shall see a significant number of expatriates coming in because it was projected that between 6,000 and 10,000 expatriates are earmarked to come and partake in the construction activities,” Dennis said.
He added that more businesses are going to start taking shape in the sector, which will open up employment opportunities for Ugandans.
While launching the oil drilling activities at the Kingfisher development in Kikuube district last week, President Museveni urged the local residents to engage in agriculture and produce food that will be consumed by those working in oil fields and cautioned against encroachment on Bugoma Forest, which is influential in environmental protection.