Tanzania offers Blocks for Oil and Gas Exploration

Discoveries of natural gas off the coast of Tanzania could transform East Africa and the African continent’s place in the global energy economy and as the country embraces it’s resource finds, the government opens up seven deep offshore blocks for gas exploration.

Tanzania Petroleum Development Corporation (TPDC) announced the opportunity for mining investments in Tanzania as the country now formulated a new oil and gas policy.

TPDC said the seven deep offshore blocks – Block 4-2A, Block 4-3A, Block 4-3B, Block 4-4A, Block 4-5B, Block 4-5A and Block 4-5B and another two offshore blocks; Block 4-1B and Block 4-1C would be reserved for strategic partnerships between the government and private mining investors.

Tanzania estimates it holds over 330-trillion cubic feet of recoverable natural gas reserves and BG Group with its partner Ophir Energy and Norway’s Statoil and partner ExxonMobil were the latest mining companies to achieve cosiderable success with gas discoveries on Tanzania’s shores.

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