Tanzania floats tender for six oil blocks

Oct 23, 2007 02:00 AM

Tanzania has invited international oil exploration firms to tender for six concessions on a production sharing agreement (PSA) basis.
The managing director of Tanzania Petroleum Development Corporation, Yona Killagane, said the 2007/2008 licensing round will make six blocks available for exploration, the first of which will cover the Lake Eyasi-Wembere, Lake Manyara and Lake Natron area. He said the second block will cover the Ruhuhu area while the third will cover the Kilosa-Kilombero area. The fourth block will cover South Selous while the fifth one will cover Malagarasi area. The sixth block will cover south Lake Tanganyika area.

Tanzania has proven gas basins and geologists, who have been studying the basins of East Africa extensively, believe the country's potential for oil discovery is high. Natural gas estimated at 1 tcf was discovered near Songo Songo Island and is being developed for power generation. The Mnazi Bay has 500 bn cf proven natural gas reserves.
In April this year, Tanzania signed a PSA with Statoil of Norway for petroleum exploration and production over Block 2 on the eastern part of Mandawa Coastal Basin in an area covering 11,099 sq km.

Statoil is an integrated oil and gas company from Norway with a presence in 33 countries and active operations in 15 others, which include Angola, Algeria, Libya, Nigeria, Egypt, Iran, China, Indonesia, Azerbaijan, and the United States.
The Minister for Energy and Minerals Nazir Karamagi told earlier that Statoil is expected to spend a minimum of $ 65 mm during the entire exploration period of 11 years. Mr Karamagi said that in the initial four-year period, the contractor will spend a minimum of $ 10 mm for review of existing data and acquisition of 5,800 km of new seismic data. There are three more PSAs being negotiated by the government.

Source / East African
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