Uganda National Oil Company has named Ugandan geologist, Proscovia Nabbanja as the Acting Chief Executive Officer following the resignation of Dr. Josephine Wapakabulo this month.
Nabbanja, a corporate executive, has been serving as the Chief Operating Officer (Upstream) of the Uganda National Oil Company, since November 2016.
Prior to that, she served as a Senior Geologist at the Petroleum Exploration and Production Department (PEPD), in the Ministry of Energy and Mineral Development, the first woman to hold that position.
In a May 13 letter, Eng Dr Josephine Wapakabulo tendered in her resignation citing the need to focus on her family and new opportunities.
“This is to submit my resignation from the position of Chief Executive Officer of the Uganda National Oil Company with effect from 13th August, 2019,” the letter addressed to Emmanuel Katongole the Chairman Board of UNOC, read.
She said it has been an honour and privilege for her to serve in that capacity, a position she has occupied since 2016.
“Chairman, it has been an honour and privilege to work with you, the Board and staff of UNOC as we set up and established UNOC to handle the State’s commercial interests in the oil and gas sector,” Eng Dr Josephine Wapakabulo adds in the letter.
“However, time has come for me to focus on my family and new opportunities”.
The new Acting CEO graduated at Makerere University with a Bachelor of Science in Geology and Chemistry. She also holds a Master of Science in Petroleum Geoscience, from the Imperial College of Science, Technology and Medicine, in London, U.K.
Nabbanja as well holds a Master of Business Administration awarded by the Imperial College Business School, obtained in 2017.
Her Certificate in International Petroleum, Oil and Gas Management was awarded by the Institute for Petroleum Management Inc., in Austin, Texas, United States.
Uganda National Oil Company (UNOC) Limited was established under Section 42 of the Petroleum (Exploration, Development and Production) Act (Upstream Act) and Section 7 of the Petroleum (Refining, Conversion, Transmission and Midstream Storage) Act (Midstream Act), both of 2013.
It focuses on building the business and ensuring that the Company grows into an effective and profitable company properly representing and managing State commercial interests.