Henk du Bruyn, the Mozambique country manager of Control Risks, talks to TOGY about the security risks in Mozambique and the region. Control Risks provides consultancy…
READ MORETanzania's Energy Industry
in figures
Gas reserves1.6 tcm
Gas production3.12 bcm
Tanzania: Potential Gas Giant
Tanzania’s oil and gas industry has grown significantly since major offshore natural gas was discovered at the Songo Songo and Mnazi Bay fields in 2004. The country now exports natural gas and has used revenues to diversify its energy offerings and create more economic stability. The government has also ratified its oil and gas policies to create a more conducive environment for international investors and growth of local industry and talent. Tanzania is currently working under its Natural Gas Utilization Masterplan 2016-2045 that looks to organise the industry and pinpoint and develop further gas-related projects.
In March 2016, Dubai-headquartered Dodsal Group made Tanzania’s first large onshore gas discovery with a 76.4 bcm (2.7 tcf) find in the country’s Ruvu Basin region. Potential reserves are estimated around 107.6 bcm (3.8 tcf). Ultimately, the discovery could represent between USD 8 billion-11 billion worth of natural gas.
NOC Tanzania Petroleum Development Corporation is the sole licence holder for upstream plays. The state-owned player has created subsidiaries TANOIL to deal with downstream operations and Gas Company Tanzania to deal with both midstream and downstream activities. The Tanzanian government has maintained a favourable attitude towards foreign investment and managed to attract large IOCs to explore the country’s hydrocarbons reserves, including Norway’s Equinor, US’ ExxonMobil, UK’s Shell and Ophir Energy, the latter of which was later acquired by Indonesia’s MedcoEnergi.
The country’s economy has suffered amid sluggish global economic growth and depressed commodity prices. However, the current government is pushing for the development of Tanzania’s yet untapped offshore gas reserves to generate new streams of revenues for the state and boost economic growth. Investment opportunities also exist in the country’s active diversification schemes, including export pipelines and LNG terminal projects.
Uganda is targeting net-zero emissions from its booming energy industry by 2062.
READ MOREZanzibar launched its inaugural offshore exploration bid round on Wednesday, putting eight frontier blocks on offer.
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READ MOREAminex on Monday communicated the results of appraisal drilling and testing across the Ntorya area in Tanzania’s Ruvuma production-sharing agreement area.
Having…
READ MOREListed independent Wentworth Resources on Monday sent out an update regarding its operations in Tanzania and Mozambique.
The company communicated its first-quarter…
READ MORELondon-listed independent Aminex on Wednesday said it is confident it can commence development work in Tanzania’s Ruvuma Basin.
The announcement followed the…
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