TOGY talks to Samuel Dossou-Aworet, chairman and founder of Petrolin, about the company’s Backbone project, attracting financing and investors, and the foundation of…
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 MOREThe government of Tanzania has approved the assignment of the majority stake in the Tanga block to Octant Energy Tanzania in a bid to begin oil and gas exploration…
READ MOREGovernment officials from both nations have agreed to conduct a feasibility study for a pipeline connecting Tanzania’s deepwater oil and gas fields to Uganda’s…
READ MORETarik Al Junaidi, CEO of Oman Oil Marketing Company (OOMCO), talks to The Energy Year about the company’s activities and business model and its recent work at the…
READ MORETanzania is hoping for a final investment decision on the Shell-led LNG plant and export terminal project in the southern Lindi region in 2018, Tanzania Petroleum…
READ MORERoyal Dutch Shell and partners Ophir Energy and Pavilion Energy have found no hydrocarbons in the two wells they drilled offshore Tanzania, Ophir Energy said in a…
READ MOREUganda aims to start construction of a crude export pipeline via Tanzania in January 2017, Minister of Energy and Minerals Irene Muloni said late on Wednesday, adding…
READ MOREUganda has initiated talks with an SK Engineering & Construction-led consortium for the construction of a USD 2.5-billion refinery, the country’s Ministry of Energy…
READ MORETanzania intends to invest USD 1.9 billion per year in its energy industry until 2025, Prime Minister Kassim Majaliwa said at the 51st Annual Meeting of the Board of…
READ MOREUganda will export its crude through Tanzania, the government announced over the weekend, abandoning earlier plans for a pipeline route across Kenya. Uganda now…
READ MOREUAE conglomerate Dodsal Group has upgraded its February 2016 Ruvu Basin gas find, the company reported on Monday. Initially estimated at 61.5 bcm (2.17 tcf) in…
READ MOREKenyan President Uhuru Kenyatta and his Ugandan counterpart Yoweri Museveni have decided to reconvene in two weeks’ time for talks on the route of a proposed crude…
READ MOREIndependents Aminex and Solo Oil on Tuesday announced the conclusion of well integrity testing of the Kiliwani North-1 (KN-1) well, saying first gas from the Tanzanian…
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