Local exploration company Swala Oil and Gas has announced the beginning of 200 kilometres worth of 2D seismic acquisition over its Pangani exploration licence. The…
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…
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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 MOREA special unit that will monitor natural resource revenues in Tanzania is being formed now, before a predicted 2023 $3-billion-per-year gas boom hits an industry…
READ MORESwala Oil & Gas, the Tanzanian division of Australia’s Swala Energy, has listed on the Enterprise Growth Market (EGM) of the Dar es Salaam stock market to become…
READ MOREOn Monday, after 18 months of disagreements and delays, Tanzania’s largest city was connected via a $2.7-million pipeline to gas production from the Songo Songo…
READ MOREThe Africa Oil Corporation and partner Tullow Oil are looking for a farm in for their Blocks 13T and 10 BB in northern Kenya’s South Lokichar Basin, Tullow announced…
READ MOREBeach Petroleum, a subsidiary of Tanzania’s Beach Energy, and Woodside have reached a long-in-the-making agreement for a 70-percent farm-out of the Australian…
READ MOREAlgerian national oil company Sonatrach is set to be invited to explore for oil in Tanzania, following up on an agreement signed in late 2013, the Minister of Energy…
READ MOREAt the brink of the much expected boom of East Africa’s oil and gas industry, local players make moves to prepare for what is expected to be a flood of foreign direct…
READ MOREUnder presidential order, the office of the Controller and Auditor General (CAG) is to start preparing for the needs of the growing oil and gas industry in…
READ MOREOperator Statoil and partner ExxonMobil keep having successes in their exploratory endeavors in Tanzania’s block 2.
The operating company announced a successful…
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