3 Reasons Why You Must Invest In Tanzanian Gas Sector

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Ever noticed?
We often feel some people are luckier, smarter and more talented than we are!

The simple truth is they are prepared for opportunities and grab them with both hands when they come.

Seriously, “unlucky” are so blind to see the golden opportunity is even to their face!

Let me say this straight Tanzania’s gas is a source of opportunity. It’s a time to grab, invest and reap reward from it.

Tanzanian Entrepreneurs, what are you waiting for?

All from natural gas is money, (from exploration, production, marketing, and selling).

Utilizing such oil and gas opportunities means money flowing to you like a river

Why should you start a gas business

1:Tanzania’s energy demand is substantial
Tanzania struggle with clean cooking facilities that do not pollute the household air, Universal electricity is a major constraint in the country.

Only 24 percent of Tanzanian population have access to electricity. They need the energy to bring light in the darkness.

Needless to say, clean energy to lift them out of charcoal and firewood.You have the great chance to turn such challenge into an opportunity and make endless money right way.

2:Natural Gas stays in demand Even In economic downturn

Regardless of economic recession, the natural gas demand would continue to be there, People need to heat food, they need to heat themselves and they need fertilizer for sustainable agriculture.

3:Gas is the best supply of energy
Tanzania has an abundant energy supply, hydro, coal, geothermal but natural gas produce clean electricity than the rest. Natural gas powered vehicle are relatively less polluted environment compared to diesel powered engine

Stop leaving money on the table
Act now, Don’t wait for tomorrow,because tomorrow might never come. how long have you being procrastinating?

If You Don’t Tap Tanzania’s Gas Business Opportunities Now, You’ll Hate Yourself Later

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Could I be totally honest with you?

Now is the great time to build wealth and fortune in Tanzania’s gas by taking advantages of opportunities brought about by weak oil price

Yes, if you don’t act now, you are missing huge opportunities and you’ll hate yourself in the future

.While many people are worrying about bad oil price, is the excellent opportunities to tap  opportunity in gas business and reap reward from it

With a Stock market crash, people lose jobs and oil firms shut down projects.
One might think I have lost my marble when I say now is the best time to launch gas business.

Right, I know it sounds crazy, but it’s true.

let’s dive in and you’ll see why you must go into gas business right now

Angel investors want to fund you
In these tough times, investors find alternative sources of income, They look for new possibilities to make a living. investors move out money from the stock market and they will subsidize you if your prospects are promising

Gas industries need Innovation
And when I say innovation is anything running from technology, material or procedure. Not necessarily to bring new products in oil market you can improve the existing one.Have a technology that will help operation run better and safer?

Do you have an idea that will help to deliver a product better, cheaper and quicker? In this time of low price, Oil firm will pay attention to you than usual.

Oil and gas companies want to save money

At this moment, Clients are stressing over their cash. They are searching for less expensive options.

Your capacity to offer quality products and solution at sensible costs. You’ll draw in numerous clients and keep them when the prices show signs of improvement

Most Talented Tanzanians are Looking for new jobs

Finding highly qualified employees is overwhelmed task. But in response to low oil prices, experienced engineers have got laid off.

Many fresh graduates struggling with tightening jobs market and More Accountants are looking for next positions. Think what would happen if you launch oil and gas business right now? You find the right staff

Low Competition
At the point oil prices are great, everyone wants to start the gas business in the hope of instant gratification. But under the current atmosphere, many Tanzanians have less certainty to get into the new gas venture.

They have less access to finance. As long as you have fund it is the perfect time to start gas business

Many companies are looking for new partnership

It troublesome for stand all alone, oil companies search for new organizations that have distinctive approaches to convey items and solution to unite and adjust the low prices
Other segments of oil industry are booming
Downstream sector of the oil industry is booming and benefit access to oil downturn.They buy a lot of products and solutions

Are You Ready To act Now?
In essence is rarely to encounter all of these opportunities when there are strong oil prices. Now is the better time to tap oil and gas business opportunities, If you procrastinate, You will hate yourself.
Now go out and do it.

 Hussein Boffu

Hussein.Boffu@Tanzaniapetroleum.com

0655 37 65 43

I see You In Gas Business

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Tanzania has discovered  approximately  57 trillion cubic feet of natural gas. This include 2.17 trillion cubic feet announced by United  Arab Emirates’ Dodsal Group in february  2016.

 

I foresee emerging and Young Gas Millionaire.I see Mass Employment. I see more than 50,000 lives saved from hazardous  kerosene and fire wood method of cooking. I see significantly increased LPG Consumption. I see  diversification of the mix of LPG applications. Car riding on gas, Generator powered by gas.

 

I see diversification of customer types distribution model. I see increased in LPG sector. economic and Capacity development.

I see distribution and retail  diversification.I see increased supply chain stability. I see diversification and expansion of types in the supply chain. I see growing confidence in LPG, LNG including safety.

 

So. what’s stopping You?

You just leave money on the table.

Tanzania:Oil Down, Opportunities Are Up

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The oil price has been falling since  June 2014. And it continues to hit new bottom every day.

Recent global oil price drop   sign several years of $ 100 per barrel which has led to massive oil production coming online  and supply exceed demand. The low demand is the result of the slowdown in  China’s  economic  activities .And rapid increase in a number of shale wells in the US thanks to  technology’s improvement.

The price slump  hurt exporting countries but for Tanzania as an importer, it  brings prosperity.

In the positive sense,

Cheap price  minimizes the living costs. And  Tanzanians are more likely to use  kerosene, diesel and cooking  gas in place of firewood and charcoal that are popular with low-income earners.

However, it  reduces  transportation costs. Less costly  foods.  And low living costs for average Tanzanians.

Most importantly, production costs decrease. Many people available globally at low  costs than ever. Pipelines firms are in need of work. Major construction organizations  have little tasks.So the project should get low investment  costs than similar projects from 2-3 years in the past.

In the context of low price, upstream activities are decreased and there’ll be easy availability of  drilling rigs  and other supporting activities with cheap costs.

 

In the negative side.

Undermine investment: Exploration  and production companies cut  costs range. So, going into the new finding works won’t be of interest in their strategy. And they’ll  be wanting to postpone important investment project, which will take years to show valuable earnings.  If the project has a risk, It might be better to get the same cash in a known project field, than try to create in a new, unknown field  with lots of business risks.

However, some exploration and production companies  such as BG and Swala energy claim that the drop in costs is a short-term issue and won’t considerably impact their  investment plan in Tanzania.

Australia based  oil and gas exploration firm  (Swala energy) lately stated that it’ll continue with its exploration projects across Tanzania in 2016 despite the fall in oil price. Also low-level prices are damaging Tanzanian  Graduates who strategy career in oil and gas sector. Sadly,  Tanzanians  get laid off as the  oil firm’s strategies  to deal with a price drop.

Conclusion

The price has fallen dramatically and some supply  will go off-line finishing the gap until the price improves again. But the time of that process is incredibly uncertain and is expected  to persist in 2016 and maybe beyond. But for policymakers in Tanzania, the fall in oil price provides a period to execute economic plan and structural changes as well as finance social program.

Hussein Boffu

Graduate In Petroleum Geoscience

Hussein.Boffu@tanzaniapetroleum.com

0655 37 65 43

Tanzania Agrees With Uganda to Run Oil Pipeline to Its Coast

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Tanzania and Uganda’s leaders agreed to build a crude pipeline linking their countries, connecting landlocked oilfields to the Indian Ocean, Tanzanian President John Magufuli said.

Statements issued after Ugandan President Yoweri Museveni and his Tanzanian counterpart John Magufuli met on Tuesday did not mention the fate of the Kenyan oil export pipeline plan.

Uganda, which has yet to start oil production, raised the possibility of a Tanzanian pipeline route last year.

France’s Total, one of the oil firms developing Uganda’s fields, had raised security concerns about the Kenyan route. A Kenyan pipeline could run near Somalia, from where militants have launched attacks on Kenya.

But industry officials have also said connecting Kenyan fields, which are also yet to start production, with those in Uganda would make the pipeline project cheaper as costs would be shared.

“The two countries are planning to build an oil pipeline between Tanga (in Tanzania) and Uganda covering a distance of 1,120 km,” the Ugandan presidency said in its statement. “Magufuli said this is projected to employ 15,000 people.”

Also Read:Tanzania Make New Natural Gas Discovery In Ruvu Basin

Tanzania, which also has large offshore natural gas reserves, issued a similar statement.

Uganda’s Museveni has strong ties with Tanzania as he launched the rebellion that brought him to power in 1986 from Tanzanian soil.

Uganda’s statement quoted Magufuli saying that Uganda’s decision was “reciprocating” Tanzania’s past role.

Museveni and Kenyan President Uhuru Kenyatta had made a joint call in August to implement a pipeline via Kenya’s northern region “without further delay”.

But that statement was followed by other Ugandan comments saying the Tanzanian route was being explored as a possibility.

Resolving the pipeline route is vital in helping oil firms involved in Uganda and Kenya make a final investment decision on developing oil fields.

Production start dates have repeatedly been postponed, partly over pipeline considerations but also because of low oil prices.

Other investors in Uganda include China’s CNOOC and Britain’s Tullow Oil. Tullow is also is working in Kenya.

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How To Start Oil and Gas Business In Tanzania With No Money

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Has this happened to You?

You’re  oil and gas wealth seeker.  And  you want to make a living doing oil and  gas business  in Tanzania.

But no capital at all, no contacts. So you wonder how you can start  a business and make a success of it?

people (Include me ) tells you  hundred  of dollars are made regularly in the oil and gas business. And you want to  swell your bank account every day with huge cash.

But  limited capital  makes you feel too down to profit from the oil and gas sector.

Sadly, people might led you to believe that oil and gas business is only for BIG BOYS with huge financial muscle. But in reality, it doesn’t work that way.

I know the feeling,

Many  people face the same struggle.Capital  and know how are the  popular obstacles  many Tanzanians face starting a business in the oil and gas sector.

But what if told you can start oil and gas business with almost nothing?

What if I confidently tell you there’s  smart way to profit with our new found resources and become parts of the natural gas boom?

All you need to do so is Idea,  concept, material,  technology or procedure  that  fix the specific problem in the oil and gas market.

Sounds impossible, right? Let’s dig little deeper.

Oil and gas companies struggle with stiff competitions. They compete with each other. Oil companies need to make the operation run more smoothly and safer. They are keen to attract new clients,

They want to cut costs. Obviously, they are eager to get a job done better and faster with solid return

However, they know that many average people outside there, have a brilliant ideas or new material or new procedures that help them to improve and address competition.

And you know what?

They’ve groups that travel the world  over to look for anyone, entrepreneurs, and start-up with ideas or material to sponsor for business. And they invest billions of dollars in your  ideas or concept

And the best part?

 Oil firms give you money. They give you research. Needless to say, training and scientists to help your business or idea grow.

Imagine for a moment. You run a small business. Or an entrepreneur  or  you just have  an idea. And multinational oil and gas  company realize your idea could impact their business. So they enter into partnership with you.

And funds you millions of dollars to develop it. Sounds good?  Yes, you move from zero to hero sometimes overnight.

 Read:The Ultimate Guide To Set Up Petrol filling Station In Tanzania

List of  oil companies that are willing to invest in you.

Here’re the oil and gas firms that invest in your idea, capabilities even technology:

  1. Shell- its group called Shell technology venture
  2. Halliburton —–Its  group called Technology R&D Group
  3. Baker Hughes—–its group called centers for technology and innovation
  4. Chevron——- its group called Chevron venture capital
  5. Exxon Mobil its group called: Exxon Research and Development and Exxon’s capital investment

You Want to tap these opportunities?  Here’re all you have to do

If you’ve ideas that will improve existing product or services in oil firms? Or you bring new process and technology  in the market.

It’s worthwhile  to get in touch with one of above mentioned oil companies. And the best way to go a

bout this is to do the quick search  on google and tell them what you’ll  offer.

 What’s stopping You?

So what are you waiting  for? You’re just leaving  money on the  table, you  can start at zero and grow big in oil and gas sector in Tanzania. I’m ready are You?

I’d love to know your  thought, Good luck and let me know.

Hussein.Boffu@Tanzaniapetroleum.com

     0655 37 65 43/0689 95 57 11

Tanzania Make New Natural Gas Discovery In Ruvu Basin

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Feb 25 Tanzania has discovered an additional 2.17 trillion cubic feet (tcf) of possible natural gas deposits, raising the east African nation’s total estimated recoverable natural gas reserves to more than 57 tcf.

The onshore reserves were found at a field licensed to the United Arab Emirates’ Dodsal Group located at Ruvu basin in Coast region, near the country’s commercial capital..

“We have learnt that there are huge potentials of hydrocarbons in Tanzania. We expect to have more gas discoveries in the near future,”  CEO of Dodsal Hydrocarbons and Power (Tanzania) Ltd, as saying.

East Africa is a new hotspot in hydrocarbon exploration after substantial deposits of oil were found in Uganda and major gas reserves discovered in Tanzania and Mozambique.

Dodsal Chief Executive Officer (CEO) Mr P.K Surendran made the announcement during a meeting bringing together investors in the gas and oil industry, which was convened by the Minister for Energy and Minerals, Professor Sospeter Muhongo.

Prof Muhongo confirmed the discovery, which he said was made in July last year, but was quick to add that the government delayed to make the announcement due to new requirements of the Petroleum Act 2015.

“The new legislation requires that before the responsible minister makes the pronouncement of a new finding he/she should be guided by the Petroleum Upstream Regulatory Authority (PURA).

“My ministry has been in contact with the Attorney General’s Chambers since then and the good thing is that PURA started operations yesterday (Tuesday).

We, therefore, hope that the official announcement will be made in a few days to come,” Prof Muhongo explained. The Petroleum Act 2015 repealed The Petroleum (Exploration and Productions) Act, 1980 and The Petroleum Act, 2008.

Apart from the new finding, gas reserves have as well been discovered in Songo Songo Island in Lindi Region, Mnazi Bay in Mtwara and Mkuranga in Coast Region.

Mr Surendran said the company signed a Petroleum Sharing Agreement (PSA) with the Tanzania Petroleum Development Corporation (TPDC) in 2007 after which it started a seismic study of the licensed block. Dodsal Hydrocarbons and Power Tanzania Limited is a subsidiary of Dodsal Resources based in Dubai.

So far, the firm has drilled three wells at Mbuyu, Mtini and Mambokofi in the exploration area in Coast Region. “Exploration is still ongoing and we are optimistic of striking more natural gas reserves in the Ruvu Block.

We used local talents and resources in the search and the success is beyond our expectations,” he later told ‘Daily News’ on the sidelines of the meeting.

He was more positive of reliable market for the hydrocarbons given the fact that Ruvu is just 17 kilometres away from Dar es Salaam city, which is the major market of the resource for electricity generation, industrial production and domestic use.

The Chairman of Dodsal Group, Dr Rajen Kilachand, said the company is currently planning appraisal and development activities to bring the gas to the market for the benefit of the people.

“At this moment of success, I wish to sincerely thank the Ministry of Energy and Minerals and TPDC as well as other stakeholders for the cooperation and support rendered to us,” Dr Kilachand said in a statement read by the CEO.

Earlier, Prof Muhongo directed companies engaged in the oil and gas industry to present to the ministry with practical work plans on how they will play a part in boosting power generation to meet the target of 10,000MW by 2025.

READ: Tanzania-to-rake-in-capital-gains-from-55b-buyout-of-bg-group-by-rival-shell

“The gas economy should make us graduate to middle-income economy by 2025 as stipulated in Tanzania Development Vision 2025. This will be possible when we have adequate and reliable electricity in the economy,” the minister stressed.

He thus urged the companies to present the plans to the ministry by June 1 this year, noting that the aim is to enhance power per capital to between 2,000 and 3,000 per annum from the current 180 units.

Prof Muhongo noted on the other hand discussions with a consortium planning to set up the 60 billion US dollars were well underway

Most of the gas discoveries in Tanzania were made in deep-sea offshore blocks south of the country near the site of a planned liquefied natural gas (LNG) plant.

BG Group, acquired by Royal Dutch Shell, along with Statoil, Exxon Mobil and Ophir Energy plan to build the onshore LNG export terminal in the southern Tanzanian town of Lindi in partnership with state-run Tanzania Petroleum Development Corp (TPDC).

List Of Oil and Gas Exploration and Production Companies In Tanzania

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Looking for Oil and Gas Companies In Tanzania? Below are List of International Oil Companies taking part in searching and extraction  of oil and gas In Tanzania.

 

A

B

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M

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P cont.

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Dear Reader, I’d love to hear from You. Reach me through Hussein.Boffu@tanzaniapetroleum.com or 0655 37 65 43

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Your Guide To Build Wealth Through Gas Investment In Tanzania

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Oil and gas business become the hot cake in Tanzania, many Investors have been put their cash in this industry.
Have you ever thought why? As a result of strong return it produce.

I can with confidence tell you a lot of cash has been made on the regular basis, Investors are cheerful to their banking accounts with streaming of money like water streaming in the Indian Ocean.

Why don’t you take your reasonable proportion and begin to develop wealth in Tanzanians gas?

And the great information is that you don’t need to quit your jobs making an investment In Tanzanians oil and gas industry.

You have a choice either do it full-time or part-time, if you are oil and gas wealth seeker, there are several ways to strategy Tanzanians gas industry.

Each has benefits and drawback, Before you talk of making an investment you need to know where to invest, your choice you are making after this, relies on your wallet dimension.

What I mean is: Looking at through this article you choose if are able to manage to offer logistic and transport solutions or making an investment in drilling oil and gas wells.

Buy stock in Oil Companies
You contact broker and buy share of either upstream(exploration and manufacturing company) or downstream(marketing and oil companies) in Dar es salam Stock return Exchange.

  Advantages

  1. Do not need great investment anybody can afford
  2. Less risk investment in comparison to other oil and gas investment avenue

Disadvantages

  1. It impacted by oil costs, right now oil price is down so we are near the base because of the condition of the economy.
  2. Find out more about inventory business

Read: How To Invest in Tanzanian Oil and gas sector through purchasing oil company stock

Invest in drilling projects:

There are two kinds of this type of investment
Exploratory well.You drill well in places no past oil and gas discovered. And a number of water wells could be sunk before real gas is found
Development well: these are oil and gas wells sunk in area whereby gas has already been discovered
Advantages

  1. High benefits
  2. Tax deduction

Disadvantages

  1. Risky business if you don’t attack natural gas

NOTE:

  1.  examine the oil company profile and study its past undertakings
  2. Put resources into experienced oil company which took care of and executed a few activities fruitful
  3. Just oil company with demonstrated track records can diminish the risk of your asset altogether

How do you invest in these schemes
Most oil and gas organizations have sites that welcomes investors to take interest through online application

Supportive services
You give services that are required by oil and gas organizations to achieve oil and gas exercises this incorporates logistic and transportation solutions, pipeline services procurement solution and so on.

Advantages

  1. Less risk
  2. Do not need huge capital

Also Read: 7 Supportive services To Offer In Tanzanian Gas Sector and Make huge profit

Find new oil and gas reserves:

You buy area from the govt. And you take part in hunting down oil and gas

Advantages

  1. In the event that you are willing to acknowledge high risk then you get strong returns (you make up 10 times of what you contributed).
  2. You restore failures past projects if you discover oil and gas in territory

Disadvantages

  1. High-risk investment(you can reduce your whole investment)
  2. It’s  capital intensive

Final words
Oil and gas investment give you immense return but it also is a risk relying upon how you decide to invest.Make sure you research your options and become knowledgeable of the risk associated with each kinds gas investment and pick one that is a good fit for you.

Dear Reader I’d love to hear from you.Reach me through Hussein.Boffu@tanzaniapetroleum.com 

Step by step instructions to Make Endless Money In Oil and Gas During Times Of Low Oil Prices

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Something change the entire oil and gas business, Guess what? The Oil prices recession. Your clients don’t listen to you.They are sad with low oil price. They don’t pay attention to your products and services.

Feel frustrated under the present environment on the most proficient methods to draw in clients and supply numerous items and services to the oil and gas industries?

Don’t worry, plenty people face the same battle in bad times of low oil costs. .

However, it may be the awful times for others yet for you is the chances to develop prosperity in the oil and gas industry.Why? In light of the fact that each oil costs drop accompany chances to profit.

Here’re are tips to profit during circumstances such as the present

Listen to your clients
Your clients think on the best way to manage the low oil costs, they get rid of what don’t work.They laid off laborers, they purchase only imperative items to adapt to the late condition.

So on the off chance that you present the products that save cash, you would offer like insane to the oil and gas segment. Your solution that fits oil and gas firms needs to minimize cost, you will assemble a decent association with your clients in this seasons of downturn as well as whatever is left of your business.

Also Read:Effective Way To Attract High Paid Clients In Oil and Gas Market

Fix what they don’t know
Oil and gas firms may have an issue that didn’t know they had, Offering items and arrangement meet your customers needs that have ever considered they have. In this way, you items and solution will get consideration than common and profit.

Do unexpected

Your rivals are right now brimming with apprehension and uncertainty due to the low oil costs, they are questionable with the present environment. To profit supply items and administrations that can not mimic as a result of the fear of getting lose or uncertainty of the economic situation.

Concentrate on downstream and midstream of the business

Presently Downstream industry is blasting, begin to consider offering items and solution that settle the issue into either midstream or upstream of the business to adapt to low oil costs.

Final word
Now is the right chance to grow your business or company, is the time earn a lot of money investing in oil and gas industry.Why? Because opportunities are up, Your business will grow faster in this time if you have products that help oil and gas firms to save money and time.