Risk management in Tullow Oil Company in Uganda:

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Kampala International University, School of Law
The major purpose of the study was examining risk management in the Oil and gas companies facing a myriad of risks in today's global marketplace especially in Uganda using Tullow oil as a case. The risks range from volatile commodity price~ which are less linked to basic supply and demand but more to global socio-economic factors, to increased health, safety and environmental pressures. These are just few examples of the serious risks and threats that can impact oil and gas companies. Technology can help mitigate these risks. Despite the negative impacts that can arise from new-found oil wealth in developing countries like Uganda, the resource curse is by no means inevitable. A number of countries - including Botswana and Norway- have managed to avoid the problem. Combating the resource curse and minimizing conflict risks associated with oil is an important part of international development agendas and there are numerous institutions and resources for governments to tum to for advice on how to do just this. Efforts have also been made to promote higher levels of oil company performance in understanding and mitigating the impacts of their own operations and investments on conflict dynamics.
A Thesis Presented to the School of Postgraduate Studies and Research Kampala International University Kampala, Uganda in Partial Fulfillment of the Requirements for the Degree Masters of laws
Risk management, Tullow Oil Company, Uganda