Schlumberger to Invest USD 15 Million in Tanzania

Schlumberger plans to increase its expenditure in Tanzania from USD 9 Million in 2012 to USD 15 Million in 2013, announced the company.

Tanzania recently raised its estimate of recoverable natural gas reserves from 28.74 trillion cubic feet to 33 trillion cubic feet.

Schlumberger promptly recognized the value for oil and gas exploration in Tanzania by creating a dedicated operations infrastructure.

The company has set out to develop the only world class facilities in the region with field maintenance facilities built in Mtwara said to exceed North Sea Standard.

Schlumberger’s ambition is to have a permanent oilfield services organization in Tanzania that marches clients’ expectations.