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Schlumberger to Invest USD 15 Million in Tanzania

November 22, 2012
1 minute read

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.

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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.

Want to know more about Energy in Tanzania? Our free overview of the Tanzania Business and Investment Guide 2026 covers Energy, plus key sectors and investment opportunities. The complete 141-page edition includes policies, taxation, key regulations, full macroeconomic data, and sources.

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Want to know more about investing in Tanzania? Our free overview of the Tanzania Business and Investment Guide 2026 covers the economy, key sectors and investment opportunities. The complete 141-page edition includes policies, taxation, key regulations, full macroeconomic data, and sources.

Download Free Overview Get the Full Guide