The World Bank National Content Development for the Oil Sector (P162924) REPORT NO.: RES38041 RESTRUCTURING PAPER ON A PROPOSED PROJECT RESTRUCTURING OF NATIONAL CONTENT DEVELOPMENT FOR THE OIL SECTOR APPROVED ON AUGUST 9, 2017 TO UGANDA ENERGY & EXTRACTIVES AFRICA Regional Vice President: Hafez M. H. Ghanem Country Director: Carlos Felipe Jaramillo Global Director: Riccardo Puliti Practice Manager/Manager: Christopher Gilbert Sheldon Task Team Leader: David John Santley, Susana Moreira The World Bank National Content Development for the Oil Sector (P162924) BASIC DATA Product Information Project ID Financing Instrument P162924 Investment Project Financing Original EA Category Current EA Category Not Required (C) Not Required (C) Approval Date Current Closing Date 09-Aug-2017 01-Aug-2019 Organizations Borrower Responsible Agency Uganda Directorate of Petroleum Financing (in USD Million) FIN_SUMM_PUB_TBL SUMMARY Total Project Cost 0 Total Financing 0 Financing Gap 0 DETAILS -NewFin3 Project Development Objective (PDO) Original PDO The proposed development objective is to support Uganda's implementation of the country's National Content Policy for the oil and gas sector. OPS_TABLE_PDO_CURRENTPDO The World Bank National Content Development for the Oil Sector (P162924) Summary Status of Financing Net TF Approval Signing Effectiveness Closing Commitment Disbursed Undisbursed TF-A5541 18-Dec-2017 18-Dec-2017 18-Dec-2017 01-Aug-2019 .50 .20 .30 Policy Waiver(s) Does this restructuring trigger the need for any policy waiver(s)? No I. PROJECT STATUS AND RATIONALE FOR RESTRUCTURING The project, scheduled to close on 01 August, 2019, initially faced delays in the implementation of key planned activities, including; (i) engagement of the visiting chair of Makerere University, (ii) procurement of a Consultant to develop a framework for monitoring and evaluation strategy for the implementation of the Local Content Policy for Oil and Gas in Uganda, and (iii) hiring of the Technical Assistant for the Directorate of Petroleum to support the project. However, in recent months the rate of project implementation increased: disbursements are currently at 40%, with USD 198,000.00 disbursed in FY19 alone; and the procurement processes of the aforementioned three activities are over 80% complete. Concrete and detailed plans are also underway to complete the remaining activities contemplated in the project design by April 2020. In addition, it is important to note that there are no outstanding audits. II. DESCRIPTION OF PROPOSED CHANGES Considering the recent progress and the commitment shown by the government counterparts to advance project implementation, this restructuring paper is proposing a no-cost extension of the closure date (from August 1, 2019 to April 30, 2020) for the grant financing the project, which will allow for the successful completion of the activities contemplated in the project design. II. SUMMARY OF CHANGES Changed Not Changed Loan Closing Date(s) ✔ Implementing Agency ✔ Project's Development Objectives ✔ Results Framework ✔ Components and Cost ✔ Cancellations Proposed ✔ Additional Financing Proposed ✔ The World Bank National Content Development for the Oil Sector (P162924) Reallocation between Disbursement Categories ✔ Disbursements Arrangements ✔ Disbursement Estimates ✔ Change in Overall Risk Rating ✔ Safeguard Policies Triggered ✔ EA category ✔ Legal Covenants ✔ Institutional Arrangements ✔ Financial Management ✔ Procurement ✔ Implementation Schedule ✔ Other Change(s) ✔ IV. DETAILED CHANGE(S) OPS_DETAILEDCHANGES_LOANCLOSING_TABLE LOAN CLOSING DATE(S) Original Revised Proposed Proposed Deadline TF Status Closing Closing(s) Closing for Withdrawal Applications TF-A5541 01-Aug-2019 30-Apr-2020 30-Aug-2020 Note to Task Teams: End of system generated content, document is editable from here.