The Latest Upstream Oil and Gas Updates In Tanzania and Uganda

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Uk independent exploration and production company (Aminex) the operator has applied for  25 years development  license of Notary field, Ruvuma basin in Tanzania.

The development plan involves findings from the commercialization study done by oi oil and gas consultant which Is joint venture of Baker Hughes, GE company, and Mcdermott. The plan comprises the various gas monetize plan include selling compressed natural gas (CNG), gas to power and pipeline transmission of gas from Notrya field to Madimba plant. So what does all this mean to you? This is the milestone towards early production

Recently, Statoil Tanzania has signed a contract with Ocean Rig Poseidon for drilling one offshore well in Tanzania.

The drilling program will start in the first quarter of 2018 and will be performed by Ocean Rig Poseidon drill ship.

 

Also Read: How Much Does It Cost To Start A Mini Fuel Statio With Two Pumps  In Tanzania

Total Uganda Limited and Its upstream partners (Tullow Uganda Limited and CNOOC Uganda Limited) have completed exploration phase. They now are headed to development stages this will result to the monetization of Uganda oil resources

 

Also, the construction of proposed East Africa crude oil pipeline is expected to start once the final investment decision is reached in December 2017. So the early construction work is targeted to start in early 2018

 

Hussein Boffu runs a consultancy helping elite entrepreneurs reach their goals through actionable business planning. Contact him via email at hussein.boffu@tanzanapetroleum.com or by calling, texting, or WhatsApp at +255(0)655376543.