Tag Archive for: hydrocrabon

Oil firm drills 100 water wells worth in Zanzibar

/48 Comments/in /by

 

 

view-heavy-industry-area-beautiful-twilight-58776782

THOUSANDS of residents in Zanzibar will have access to clean and safe water, thanks to the drilling of 100 wells at a total cost of US $5.6 million dollars (about 11.7bn/-) donated by Rak Gas LLC, a company from the United Arab Emirates (UAE) involved in the exploration of gas and oil in the islands.

The company handed over one of the wells at a ceremony graced by Zanzibar Second Vice-President, Mr Seif Ali Iddi, yesterday, in Chumbuni constituency, Urban West region. The water project was undertaken in two phases in which 50 wells were drilled in each constituency by Basix East Africa, a member of Basix International Limited.

“Each of the well has the capacity to produce between 17,000 and 20,000 litres of clean and safe water per day. We have as well installed water pumps at all the wells in addition to the construction of six storage tanks in some areas,” said Basix east Africa Managing Director, Mr Amani Mworia.

In his remarks, Mr Iddi thanked the company for the contribution and urged residents to maintain them, in addition to conserving other water sources in the islands of Unguja and Pemba. “Water is life.

Whoever assists you to get water is a friend indeed. My regards to the leader of Ras Al Khaimah State, Sheikh Saud bin Saqr al Qasimi, for his contribution in the implementation of the project,” he stated.

He said that before the Zanzibar Revolution of 1964 water problems were serious, but the situation had changed gradually as many people now could access the precious liquid.

The Chief Executive Officer (CEO) of Rak Gas Chief Executive Officer, Mr Kamal Ataya, pledged to drill 50 more wells and asked the government to provide it with land to undertake the initiative.

“Once we are provided with land we will immediately embark on the project. Apart from water the company also supports education and health sectors, as well as construction of mosques,” Mr Ataya remarked.

Zanzibar Minister of Lands, Housing, Water and Energy, Mr Abdallah Ramadhani Shabani, was upbeat that water shortage in the islands would soon become history.

“The water wells were drilled in all the five regions of Zanzibar the well we are receiving today at Chumbuni is among those donated by Rak Gas,” the minister explained.

For his part, Zanzibar Water Authority (ZAWA) Director General, Dr Mustafa Ali Garu, said the authority would ensure that the wells were well maintained and protected in order to benefit all the people.

This is How You Can Invest In Natural Gas

/47 Comments/in /by

Tanzania is a land of unlimited opportunities.And among of opportunity which has struck Tanzanians is the discovery of Natural gas.

 If you want to invest in Tanzania natural gas industry, you right time is now, dont say i will be starting to invest next month or next year, with these massive discovery of  potential natural gas reserves, there are lot of opportunities which can help you to move from where you are to where you want to be.

Today i will show you four ways to invest in Tanzania Natural gas industries.

1. Exploration
You can buy or lease land and invest money in drilling, if you strike  gas, the investment can pay off  10 times over. If not you may lose nearly everything you invested in particular projrct.This kind of investment are suited for those with very high tolerance for investment risk.This plays are highly speculative.

2.Developing.
This project drill near proven reserves, hoping to unlock further value,This are less speculative but there are never any guarantees that their efforts on any one plot of land will bear fruit.

3.Income
These projects involve the acquisition of plots of land, either through lease
or purchase, over proven oil and gas reserves, and seek to create a steady
stream of income over and above expenses. This is generally the safest way to
get involved specifically in the drilling and extraction operations, and is
more of an income play than a speculative play. The risk is that the oil or
natural gas will run out faster than expected.
This investment is for
those seeking a passive income stream but who can take on more risk than those investing in other traditional income
generators, like investment grade bonds and annuities.


4. Services and Support

These companies provide a nearly unlimited menu of supporting services to the
oil and gas 

industry. Examples include transportation, shipping and logistics
companies, pipeline companies, construction and rigging companies, drilling and
refining hardware and equipment manufacturers, refiners, and many others.Investing in these
companies is similar to investing in any other company involved in B2B
services, logistics, technology, and the like. Some of these investments don’t
rely on increasing fuel prices to be profitable. For example, pipelines
make money by charging a fee per barrel transported. They’ll make roughly the
same amount regardless of whether fuel prices rise or fall, as long as demand
remains consistent.  Final WordsOil and gas are volatile. When you become involved in these ventures, have a healthy respect for the potential risks and be honest with yourself about your own risk tolerance and investment horizons.

Efforts to Build Oil,Gas Local Content.

/29 Comments/in /by

 

The  African Capacity Building Foundation(ACBF) has hailed current government efforts to build  a strong local content legal and policy framework to guide the oil and  gas sector.
Prof  Emmanuel Nnadozie  the Executive Secretary said the local content policies and legislations would ensure the local populace are active in the oil and gas value chain.

See Where does Petroleum Come from

/in /by
We are going to talk Origin of petroleum
But First  I will talk
about the origin of the world itself, Rock outcrop at the surface of the earth
have been producing oil for century and this oil was known as rock oil, Because
at that period oil was seeping out the rock, But at the middle of 19 century
some body called the word Petroleum, Petro is greak word meaning rock and leum
is latin word meaning oil and they combine these two word called petroleum.
Then become popular word and eventually the word adopted by industry itself and
now is known as petroleum industry
 Where does petroleum come from?
 There are two theory about where petroleum come from
·        
Organic
theory :State that oil was developed over millions of years from organic
materials from remains of animals and plants that were once alive, the proteins
life floaded in the sea like plankton and algae then die and fed to the bottom
of the ocean.
·        
Inorganic theory In this teory the source of oil
is from chemical reactions between minerals, In the laboratory scientists have
been able to make methane gas by applying heat under high pressure to minerals
even though a very small percentage of oil today may have developed from in
organic chemical reactions between minerals the source of most our oil appear
to be the result of organic decomposition.
These decomposition is the decay of the
remains of animals and plants that died millions of years ago
                When
am talking about animals that was died and generate oil am talking about tiny
microscopic animals that live in the sea eg plankton and algae
    These animals die
under special circumstances, and what do I mean by that?
         As you know
when most animals die other animals and bacteria arrive to consumes the remains
living nothing. In the shallow water where these animal live, sweep current
come on and push these down to where there is no enough oxygen to live and so
they die. These animals went from an aerobic environment where there is plenty
of oxygen to an anaerobic environment where there is little oxygen where all
die at the same time.
In an anaerobic there also not enough oxgen for most animals
microbs or bacteria to come along and eat the remains of planktons and algae so
the just lie there until the get buried by particles of silt and sand.
Over period of millions of years these layers of remains in
sand and silt particles are buried and curved by more layer until first layer
become very deep. All the way of these layer to press down and squeezed caused
increased in pressure and temperature until the sedimentary layers are formed
into shale, sediment change into rock, and little dead microbs get cooked into
hydrocarbon.
These is the theory of how petroleum and coal is made.
Oil is made from animal like plankton
Coal is made from vegetation like plants

Gas is made from deeper formation where microbes are cooked
longer

CAG TO AUDIT OIL AND GAS COMPANIES

/53 Comments/in /by

Dar es Salaam: The Controller and Auditor (CAG) will carry a special audit on oil and gas industry.
CAG Mussa Assad said citizens from areas with gas and oil should benefit from companies operating in their locales.
“This sector [oil and gas] is very crucial,” he said, adding “we will make sure they are controlled accordingly to give to the society what it really deserves.”
Assad said his office might fail to compete auditing in some offices following budget deficit.
Despite receive less from treasury; the CAG remains adamant that his office will execute its duties.
“With the little we have we will make sure we implement fruitful projects which will benefit citizen but we will not be able to finish all of projects.”
For this fiscal year the CAG office were scheduled to receive TZS 86 billion but only received TZS 76 an amount which will not be enough for all projects set for this year.
/25 Comments/in /by

The Ministry of Energy & Mineral Development has announced that
the “Uganda International Oil & Gas Summit” (UIOGS) will be held in
Kampala on 16-17 September 2015.

With a first-class conference programme led by Government, Public
Sector and Private Sector industry leaders; the Summit marks an
important point on the global calendar.

UIOGS is held under the Patronage of Eng. Irene Muloni,Minister of
Energy and Mineral Development; and will be used by the Ministry as its
official platform for meeting international companies and presentation
of the multitude of energy projects presently ongoing or planned for in
Uganda.

Uganda has much to offer the global oil and gas community and 2015 is
an exciting year as the country moves towards commercial production.
Uganda is blessed with its natural resources and now has an estimated
6.5 billion barrels of oil in place, a high drilling success rate of
85%, advanced refinery plans, vast acreage of underexplored areas rich
in hydrocarbons and much to look forward to with the new licensing
rounds.

The UOGS programme will provide an invaluable insight into all the major issues, challenges and opportunities including:

  • Focus on the licensing rounds and new opportunities
  • Update on existing fields and exploration success
  • Financial and regulatory frameworks
  • Uganda’s Refinery Project – 60,000 bpd by 2020
  • Move to commercial production
  • Supporting the oil and gas industry through a skilled workforce and local content
  • Infrastructure developments to support oil & gas
  • How can a successful oil industry support our drive towards rural electrification

The Ministry of Energy & Mineral Development will be using the
UIOGS platform to actively engage with allits partners and suppliers
from around the world. The services of the renowned market leaders for
oil & gas conferences; Global Event Partners have been engaged to
work alongside domestic experts Image Care to ensure that UIOGS is a
first-class event that puts Uganda firmly on the global map.

UIOGS is a two day conference that will be held at the Kampala Serena
Hotel on 16-17 September 2015. The programme will be opened by Hon. Eng
Irene Muloni and will feature more than 30 Government officials,
Company leaders and Industry experts gathered from Uganda, the region
and throughout the world to give Uganda a truly global platform.

New petroleum producers survey policy options in wake of oil price slump

/53 Comments/in /by
Countries seeking to develop newly-discovered petroleum resources are
facing a fall in global oil prices, with competition from the ‘shale
gas revolution’ in the United States, as well as renewable energy
sources.
At a New Petroleum Producers Discussion Group in Tanzania, organised
by Chatham House and co-sponsored by the Commonwealth Secretariat,
authorities from more than 20 countries met this week to find solutions
to these and other shared challenges.
The four-day forum from 30 June to 2 July, at which a set of Guidelines on Good Governance for Emerging Oil and Gas Producers was
released, was attended by government ministries and national oil
companies from Belize, Guyana, Kenya, Mauritius, Mozambique, Jamaica,
Seychelles, Trinidad and Tobago, Tanzania, and Uganda, among other
nations.
“In the midst of the oil crisis there is less capital available for
investment,” commented Michael Mwanda, Chairman of the Tanzania
Petroleum Development Corporation, which hosted the meeting in Dar es
Salaam. “Some projects which were pegged on a high oil price are now
becoming uneconomic and difficult to operate.
“We need to learn from each other and share experiences on how to
reduce costs, operate efficiently and become more competitive,” Mr
Mwanda said.
Addressing the forum, Ekpen Omonbude, Natural Resources Adviser at
the Commonwealth Secretariat, remarked: “This price decline has
necessitated a critical look at strategies to manage petroleum
resources, from development programmes to responsible wealth management,
to ensure benefits for future generations.”
Dr Omonbude stressed that while the slump in the price of oil – from
over US$100 a barrel in 2014 to around US$60 today – presents immediate
challenges, these can be mitigated through the adoption of flexible
fiscal regimes, increased economic diversification, the development of
good governance regimes and revenue transparency.
“Our mission is clear – to help position our member countries to
realise the potential of their resource wealth as a driver of
sustainable development and economic prosperity,” the Commonwealth
representative said.
The New Petroleum Producers Discussion Group was
established in 2012 to help countries think critically about policy
options available either during the first steps of exploration and
development or when restructuring governance arrangements. Options
include setting up regulatory institutions and drafting regulations and
laws that encourage investment, while balancing the needs of society and
environmental protections.
This week marked the first time the discussion group has met outside
London and included a final-day national seminar for representatives of
Tanzania’s oil and gas sector. Co-sponsors of the initiative include the
Natural Resource Governance Institute and the Africa Governance
Initiative.
The Guidelines for Good Governance in Emerging Oil and Gas Producers,
a synthesis of proposals put forward at each discussion group, seek to
guide national authorities to pursue policies which follow good
practices, but which also respond to national contexts.
Dr Valérie Marcel, Associate Fellow at Chatham House, principal
author of the guidelines, said: “The emergence of shale oil and new
renewable technologies offer opportunities and challenges. How the
emerging producer is affected and will respond is what we have been
debating. One of the main issues is how to adjust to a low price
environment, asking what impact is this going to have on licensing terms
and the ambitions of national oil companies.”
She added: “Emerging producers are thirsty to learn from their peers
about what has worked elsewhere and what advice to give. More
established producers want to know whether they are doing things right
and what pitfalls they should avoid. This is a really important learning
process.”
During the forum, participants exchanged experiences on how to
attract investment while preserving long-term national interests,
managing expenditure plans as well as ways to guard against abuses and
fraud in contracts and licensing. Training sessions focused on involving
local suppliers in supply chains, the design of fiscal systems and new
information tools.

Eddy Belle, Chief Executive of PetroSeychelles, the national oil
company of Seychelles, said: “[Petroleum] is a very dynamic business –
there is new technology coming in and new ways of doing things. What
Chatham House is doing with the help of the Commonwealth Secretariat is
getting people together so you have the chance to learn from the
mistakes as well as the successes of others.”
Bashir Hangi, Communications Officer for Uganda’s Petroleum
Exploration and Production Department, commented: “Such a forum helps us
a lot as emerging producers. We peer review ourselves, and our people
go home with a lot of advice. One piece of advice I would share is that
you cannot ignore your stakeholders – civil society, academia and
communities where there are operations. They should not be taken for
granted; they should be brought on board and be involved in the
management of the resource.”
Anthony Paul, Managing Director of the Association of Caribbean
Energy Specialists, said: “Oil and gas resources give opportunities to
deepen industrialisaton, providing power and access to better lighting,
heating and cooking facilities as well as petrochemicals and
fertilisers. There are also benefits from developing the services
industry. What strikes me most is that all countries want the same
thing: they want the resource to benefit their citizens.”

Orca contracts shallow-water rig for Songo Songo offshore Tanzania

/29 Comments/in /by

DAR ES SALAAM, Tanzania – Orca Exploration Group has started the first phase of the Songo Songo development program offshore Tanzania.

This follows World Bank’s approval for International Finance Corp.’s (IFC) investment.

Orca has entered into a drilling contract with Paragon Offshore for
the use of its M826 mobile drilling workover rig and associated services
for the offshore phase of the Songo Songo gas field program.

The rig can operate in the shallow water operating environment around
Songo Songo Island, which Orca describes as “somewhat unique.” 
However, the company still needs to obtain certain regulatory and
contractual approvals related to certain aspects of the development
program.

Drilling should start between Aug. 1 and Sept. 21. The contract has a minimum 90-day duration.

Operations will likely include workovers (removal and replacement of
production tubing strings) on the existing SS‑5, SS-7 and SS-9 wells,
and drilling of one new well, SS-J. Orca has the option to drill a
further two wells, pending the outcome of the workovers.