BG Group Raises Tanzania Gas Resources to 15 tcf

BG Group announced an increase in total recoverable resources for the Mzia discovery and across Blocks 1, 3 and 4 offshore southern Tanzania, marking the conclusion of a successful drilling and testing campaign.

The campaign confirmed Mzia as the second giant gas discovery, after Jodari, in BG Group’s acreage offshore Tanzania, with 4.7 trillion cubic feet (tcf) of total gross recoverable resources.

Total gross recoverable resources across BG Group’s Blocks 1, 3 & 4 are now estimated to be around 15 tcf, with further exploration upside.

BG Group Chief Executive Chris Finlayson said: “We have sufficient resources for a two-train LNG project in Tanzania. The aim of our appraisal programme now is to optimise the future development plan and place the most economic gas into the proposed project first to extract the most value across the chain.”

“Onshore, BG Group and its partner Ophir Energy, together with the partners in Block 2, Statoil and ExxonMobil, are continuing to make good progress in the assessment of a multi-train LNG project. We look forward to the Tanzanian government’s announcement of a decision on the location of an onshore site for an export facility.”

BG Group as operator has a 60% interest in Blocks 1, 3 and 4 offshore Tanzania, with Ophir Energy holding 40%.

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