Ugandan Legal Framework on Decommissioning Fund: Is There an Achilles Heel, and Can Lessons from the UK Help?
Article from: OGEL 2 (2018), in Decommissioning
Oil exploration began in Uganda's part of Lake Albert basin in the late 1990s and major offshore finds were made for the first time in the Country in 2006. Recent proposals for oil development and production in the area raises concern over the effects of such activities on the marine environment including future disused oil installations in the area. The Ugandan Petroleum (Exploration, Development and Production) Act 2013, vests the ownership of petroleum on the government and the right to grant licenses to oil companies. Furthermore, it creates a duty on such licensees to set ...