Tag Archive for: petroleum.tpdc

Iss Awarded Paragon Offshore Project In Tanzania

/in /by

 

 

Paragon-Offshore-hires-ISS-for-logistics-in-Tanzania-320x180

Inchcape Shipping Services (ISS) has been appointed by Paragon Offshore in Houston as marine and logistic services provider for a new drilling campaign off the Songo Songo Islands, Tanzania – the first new commercial drilling project in Tanzania in a number of years.

ISS is providing a range of services for Paragon Offshore including full husbandry, crew logistics, visa assistance and arranging marine and air charters.

Paragon Offshore is deploying jack-up rig M826 on the nine month campaign for PanAfrican Energy Tanzania – the country’s first natural gas producer.

M826 arrived at the field on board semi-submersible vessel, OHT Falcon, to be floated off and pinned to the drilling location.

During the campaign, M826 will clear actively producing wells to enhance output and will drill several new wells in the same field

Mnazi Bay Gas Wells Deliver 1st Gas to Tanzania Pipeline

/14 Comments/in /by

East Africa-focused junior producer Wentworth Resources announced Friday the first gas delivery from its Mnazi Bay Concession in southern Tanzania to the country’s new transnational pipeline.
Wentworth said that two wells are now producing, with the three remaining wells expected to be put on production in the coming months. Initial production volumes will be used for commissioning purposes and to fill the pipeline, with production rates expected to increase to 70 million cubic feet per day by October this year and 80 MMcf/d by the end of 2015.
Wentworth added that the Mnazi Bay joint venture partners have agreed payment security terms with Tanzania Petroleum Development Corporation, the buyer of the gas, and various other parties.
Wentworth Managing Director Geoff Bury commented in a company statement:
“We are very pleased to announce that production from Mnazi Bay has now commenced and the Mnazi Bay joint venture is the first supplier to the new transnational pipeline in Tanzania. Concluding the payment guarantee and starting production in our Mnazi Bay gas fields are pivotal events for Wentworth and underpin the long-term viability of our operations in East Africa and our partnership with Maurel & Prom and TPDC.
“Wentworth is well positioned to become a significant gas producer in Tanzania, where supply and demand dynamics offer an opportunity which we and our partners are uniquely placed to realize. We expect to exit 2015 in a strong financial position.”

Mnazi Bay Gas Wells Deliver 1st Gas to Tanzania Pipeline

/57 Comments/in /by

East Africa-focused junior producer Wentworth Resources announced Friday the first gas delivery from its Mnazi Bay Concession in southern Tanzania to the country’s new transnational pipeline.
Wentworth said that two wells are now producing, with the three remaining wells expected to be put on production in the coming months. Initial production volumes will be used for commissioning purposes and to fill the pipeline, with production rates expected to increase to 70 million cubic feet per day by October this year and 80 MMcf/d by the end of 2015.
Wentworth added that the Mnazi Bay joint venture partners have agreed payment security terms with Tanzania Petroleum Development Corporation, the buyer of the gas, and various other parties.
Wentworth Managing Director Geoff Bury commented in a company statement:
“We are very pleased to announce that production from Mnazi Bay has now commenced and the Mnazi Bay joint venture is the first supplier to the new transnational pipeline in Tanzania. Concluding the payment guarantee and starting production in our Mnazi Bay gas fields are pivotal events for Wentworth and underpin the long-term viability of our operations in East Africa and our partnership with Maurel & Prom and TPDC.
“Wentworth is well positioned to become a significant gas producer in Tanzania, where supply and demand dynamics offer an opportunity which we and our partners are uniquely placed to realize. We expect to exit 2015 in a strong financial position.”

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.

Gas pipeline to be complete next month

/26 Comments/in /by

TRANSPORTATION of natural gas from
Madimba in Mtwara to Kinyerezi I Power Plant in Dar es Salaam will start
early next month after completion of the construction of the
542-kilometre natural gas pipeline project.
According to the Minister for Energy and
Minerals, Mr George Simbachawene, the transportation of natural gas
will save over 1 1.6tri/- per year currently spent on importation of
fuel for electricity generation.
The pipeline will have an installed
capacity of transporting 784 million standard cubic feet daily, a volume
which can generate over 2,000 megawatts (MW) of electricity, including
the 300MW plant at Mnazi Bay.
Mr Simbachawene noted that upon
completion of the infrastructures, the project would see the country
getting reliable electricity supply, expansion and increase of
industrial production, cleaner environment and employment creation.
The Minister made his remarks yesterday
in Dar es Salaam after he visited Kinyerezi 1 Power Plant to inspect the
progress of the implementation of the project carried out by
contractors, TANESCO as well as Tanzania Petroleum Development
Corporation (TPDC).
He urged Tanzanians to be patient as
TANESCO will cut off electricity where repairs will be done so as to
ensure the availability of gas electricity in most parts of the country.
He stressed that the availability of
natural gas will help reduce the use of water where in some of the
hydroelectric dams that have slowed down production due to climate
change and environmental degradation.
Kinyerezi I Power Plant, Eng John Mageni noted that two out of four machines are complete and will produce 220Kv of electricity.
“The machines are currently on a test
run and within two weeks will be complete,” said Eng Mageni adding that
by early September this year, natural gas from Mtwara will be available
at the plant ready to be distributed to various sub stations including
the national grid.
In a related development, TANESCO
Managing Director, Eng Felchesmi Mramba said when Kinyerezi 1 Power
Plant kicks off, the company would significantly reduce the cost of
power supply.

He added that 150MW are expected to be
produced after the completion of the construction of Kinyerezi 1
Electricity Power Plant, a step towards the execution of the
government’s aim of adding electricity capacity on the national grid.

See Why Crude Oil Price Will Stay Low All through 2015 and About Mid -2016

/59 Comments/in /by
 Now, a lot of people don’t understand what’s going on  and they dont know what causes the low crude  prices ? and
they think that OPEC is trying to punish the US Shell players and that’s not it
at all. OPEC did nothing, nothing, they just didn’t cut production and they’re
doing it for two very important reasons.
Number one, they’re
sticking a knife in Russia’s back while Russia’s down because they got really
upset over the whole Ukraine thing. Number two is they’re punishing the other
OPEC members that went rogue that didn’t cut production eight months ago when
they asked them to like Brazil and Venezuela.

So, keeping oil below
$85 a barrel is destroying Russia’s economy and it’s destroying Venezuela and
Brazil as well, so that’s what’s going on. We are predicting that those crude
prices will stay low all through 2015 and about mid-2016, it will get back up
to $85 a barrel

Tanzania Petroleum Development Corporation (TPDC) Awards CGG Airborne Gravity Gradiometer Surveys

/in /by


CGG announced  that it has been awarded a contract by the
Tanzanian Petroleum Development Corporation (TPDC) to acquire
high-resolution gravity gradiometry and aeromagnetic data over two
onshore areas along the South-Eastern Tanzanian Coastal Basin and the
eastern arm of the East African Rift.
Acquisition over a total area of 30,000 sq km will commence in mid
August 2015 and is scheduled to last up to two months. Using the
industry’s lowest noise Gravity Gradiometry, FALCON®, CGG
will deliver high-resolution data and interpretation to help evaluate
the hydrocarbon potential of these basins ahead of future licensing
rounds.
Tanzania has already established itself as a highly prospective
hydrocarbon province in East Africa with a series of significant
discoveries offshore and CGG is excited to be part of this next phase of
TPDC’s exploration of the onshore basins. This survey will benefit from
the experience gained through the completion of many projects
throughout Africa using the most advanced technologies available in the
industry.
Greg Paleolog, Senior Vice President, CGG Multi-Physics, said: “CGG
is delighted to work with TPDC to improve understanding of the structure
of these basins and to assist in the identification of suitable areas
for future seismic acquisition. With the selection of our FALCON
service, we can ensure that TPDC and potential operators will have the
best quality data and interpretation products ahead of the proposed
licensing round.”
“We know that there have been significant discoveries in the Kenyan
and Ugandan parts of the Rift Valley, and there may well be undiscovered
oil or gas reserves on Tanzania’s side,” Dr. Mataragio, the Managing
Director of TPDC explains. “The two-month-long basic Airborne Gravity
Gradiometer survey is imperative given the significant reserves
discovered in similar geological settings in Kenya and Uganda. The
promotion of our blocks is part of TPDC’s core business and this
exploration effort will add value and attract investors.”
Early this month the Parliament of the United Republic of Tanzania
passed a new Petroleum Bill, which will be signed soon. Under the new
Petroleum Bill, TPDC is now lawfully recognized as a National Oil
Company (NOC). The NOC will participate fully in exploration and
production of oil and gas and this campaign in particular signifies the
commercial commencement of NOC in E&P activities in Tanzania.
/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.

See How Oil and Gas Industry Works

/49 Comments/in /by

Today, we can learn
that even though you may be buying Chevron Gas, Chevron may not have much to do
with it. Welcome to our overview of the oil and gas vertical. You know most
people think they know the oil and gas industry, but they really don’t. So
we’re going to see if we can give you some useful information and clear up some
common misconceptions. So most people think of companies like ExxonMobil and
just assumed they get oil in the ground somewhere in the world, ship that crude
in ExxonMobil pipelines to an ExxonMobil refinery, sell it in ExxonMobil gas
station. But guess what? That is absolutely wrong, that is not how this
industry works. This is how it works. 
The industry is composed of four main segments;
upstream, midstream, downstream, and service. Upstream is actually getting the
crude out of the ground. You often hear it called E&P or Exploration and
Production. This is upstream, this is upstream, this is upstream, this is
actually and FPSO. The next segment is midstream. Midstream is basically moving
that crude oil in natural gas. So midstream stuff such as pipelines,
supertankers, rail cars. Then, we move to downstream. Downstream is actually
the refinery, the refining manufacturing and selling of the products from crude
oil and natural gas. So downstream things such a refineries, retail loop
stations, fertilizer which is big product of petrochemical refining,
lubricants, motor oils, retail gas stations, and plastic which is another large
product of crude oil. Then, we move to the service companies. Service are
companies that actually provide manpower and help in services the oil and gas
industry, but they don’t produce any petroleum or petroleum products
themselves. So you have everything from the guys that out there designing the
rigs to the crew boats that move men and equipment back and forth to the actual
roughnecks that do the drilling, to the manufacturer of drill stem, and things
like subsea installations. Every bit of this is service. 
Then, you also hear
the word Super Majors or Combined. What is that? That are companies that do
everything; upstream, midstream, downstream, and some service. And right now in
2013, there’s only five of them. This is it. These are the five Super Majors.
So what does that mean? We’re going to talk you through literally from cradle
to grave a drop the crude oil to the point where it gets into the gas tank of
your car. So, the US government auctions off a block of land the highest
bidder. After checking my last auction facts in the Gulf of Mexico, $2 billion
somebody paid for rights to drill on a piece of land for ten years. That’s it.
Think about that for a second. You write a check for $2 billion to have ten
years to make that money back and hopefully some profit, but there’s no
guarantees. So this case it was BP who spent that $2 billion for a deep Gulf of
Mexico lease.
 BP then needs to drill, right? BP does not have its own drill
rigs. BP contracts a drill rig basically rents it from companies such as
Transocean. That drill rigs needs to be staffed by people, so you have
companies such as Halliburton and Baker Hughes to actually help them operate
that drill rig. The crude that gets produced on the drill rig needs to be
transported. Guess what? BP puts out to open bid to all the different
industries all the different companies in the world who will move this crude
oil at the bets price. In this case, it was a supertanker and the win was won
by Chevron. So Chevron has the crude oil in supertanker and it’s in transport
to refinery, but halfway there, ConocoPhilips on their trading floor buys that
crude and it turns around and sells it for few cents profit per barrel. And it
was sold to Shell refinery who then refines that fuel at a profit, ships it in
Kinder Morgan pipeline to a 76 gas station as owned by who? No, not 76. It’s
owned by one of your neighbors which is called the Jobber. So there you go.
There it is from literally getting out of the ground into being burning your
gas tank as a fuel. And you look at how many different people are involved and
how many different layers of profits are involved and this is a very complex
industry. So hopefully this helps you understand at least at a high level what
goes on in the oil and gas industry.

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.