Back toour markets

Tanzania's Energy Industry

Tanzania

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 targets net-zero energy industry by 2062
NEWS
Uganda - April 18, 2024

Uganda is targeting net-zero emissions from its booming energy industry by 2062.

READ MORE
Zanzibar launches first-ever offshore exploration bid round
NEWS
Zanzibar - March 20, 2024

Zanzibar launched its inaugural offshore exploration bid round on Wednesday, putting eight frontier blocks on offer.

READ MORE
TotalEnergies to assess mega-projects in Uganda and Tanzania
NEWS
Uganda - January 05, 2024

TotalEnergies has hired former prime minister of Benin Lionel Zinsou to assess its land acquisition programme related to its Tilenga oil production project and…

READ MORE
Tanzania moves to unlock Tanga oil and gas play
NEWS
Tanzania - December 12, 2023

The 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 MORE
Uganda, Tanzania sign for pipeline feasibility study
NEWS
Tanzania - November 10, 2023

Government 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 MORE
Interview
Oman - May 30, 2023

Tarik 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 MORE
Tanzania passes petroleum bill
NEWS
Tanzania - July 06, 2015

Following days of debate, Tanzania’s parliament has passed a long-delayed legal framework to develop its oil and gas industry.

The 2015 Petroleum Bill was passed…

READ MORE
Tanzania to profit from energy output
NEWS
Tanzania - June 18, 2015

Tanzania will seek as much as an 85 percent share in profit from oil and gas production, according to a draft law being debated in parliament, Bloomberg reported…

READ MORE
Wentworth discovers gas in Tanzania
NEWS
Tanzania - June 17, 2015

Canadian upstream oil and gas company Wentworth Resources announced today that it has discovered gas at the MB-4 development well.

The well, located in the…

READ MORE
Woodside exits Tanzanian block
NEWS
Tanzania - May 27, 2015

Australian oil and gas exploration company Beach Energy reported in a press release on Wednesday that Woodside Energy will not continue their joint venture exploration…

READ MORE
COPL and Shoreline launch JV
NEWS
Tanzania - February 27, 2015

Canadian Overseas Petroleum announced a 50-50 joint venture with Shoreline Energy International on Thursday.

The collaboration, Shoreline CanOverseas Petroleum…

READ MORE
New success for BG off Tanzania
NEWS
Tanzania - September 03, 2014

UK group BG has announced a successful second drill stem test from its Mzia-3 well in Block one, with flow rates reaching 2.86 mcm (101 mcf) of natural gas per…

READ MORE

 

WHOSE PLATFORM IS THIS?
ASK US

  • Do you have a question for The Energy Year about oil and gas?
  • If we know, we’ll tell you.
  • If not, we’ll ask the experts in the field.