Entries by Tanzania Petroleum

Analysis of the GFPSO Vessel Arrives at GTA LNG Project, Marking Key Milestone for bp

Arrival of the FPSO Vessel. The recent arrival of the Floating Production Storage and Offloading (FPSO) vessel at the Greater Tortue Ahmeyim (GTA) Phase 1 LNG development marks a significant milestone in the energy project offshore Mauritania and Senegal. This development represents a substantial step forward in bp’s strategy to deliver resilient hydrocarbons. Project Overview. […]

Eco Atlantic Acquires 75% Stake in Block 1, Expands Presence in Orange Basin Offshore South Africa

Overview.  Eco Atlantic Oil & Gas Ltd. has announced its acquisition of a 75% working interest in Block 1 Offshore in the Orange Basin, South Africa. This strategic move involves acquiring rights from Tosaco Energy and becoming the operator of the block, with Tosaco transferring its remaining 25% interest to a new South African entity, […]

Analysis of BW Energy’s New Well Drilling Confirms 12 Million Barrel Reserve at Hibiscus

BW Energy has announced a significant oil discovery in the Hibiscus field, confirmed through the drilling of the DHIBM-7P pilot well. The discovery increases the estimated recoverable reserves in the area by 8 million barrels, bringing the total to approximately 12 million barrels. This pilot well was drilled to a depth of 3,941 meters and […]

Corcel Plc Unveils Strategic Expansion Plans in Angola’s Oil and Gas Sector

Corcel Plc, an Angola-focused exploration and production company, released its unaudited half-yearly results for the period ending December 31, 2023. The Chairman’s statement highlighted the company’s strategic developments during this period, including the acquisition of interests in three oil blocks in Angola. These acquisitions positioned Corcel to participate in the reopening of the Kwanza Basin, […]

Analysis of “ADNOC to Acquire 10% Equity Stake in Major LNG Development in Mozambique”

Key Points. ADNOC’s Acquisition:  – ADNOC has acquired a 10% stake in the Rovuma basin’s Area 4 concession from Galp. – This includes the Coral South Floating LNG (FLNG) facility, Coral North FLNG development, and Rovuma LNG onshore facilities. Production Capacity: – The concession’s total LNG production capacity exceeds 25 million tonnes per annum (mtpa). […]

Analysis: ARA Petroleum Tanzania’s Development Licence for Ntorya Gas Field. 

Key Points – ARA Petroleum Tanzania (APT) has received a 25-year Development Licence from Tanzania’s Ministry of Energy for the Ntorya gas field. – This licence allows immediate commencement of development work. – Ntorya gas field has an unaudited Contingent Resource estimate of 3.45 trillion cubic feet (tcf) of Gas Initially In Place (GIIP). – […]

The Ultimate Guide to Ensuring Safety: How Oil and Gas Companies in Tanzania Can Protect Their Workers Like Never Before

Have you ever felt that intense urge to protect those under your care, to ensure they return home safe and sound, every single day? Picture this: your workers in Tanzania, smiling and confidently working, with state-of-the-art safety equipment. That’s the ultimate goal, right? You might be sitting there, scanning through safety reports, your mind racing […]