Tag Archive for: swala tanzania

Low Crude Price Will Lead To The Shortage of Talents In Many Petroleum Companies

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Oil
companies have been doing recruiting in  local university. Where by graduates from these Universities have received jobs offer prior to their graduation date. Forexample In
Tanzania, graduates from University of Dar es Salaam and Dar es Salaam Institute of Technology have received these job offer from oil companies.
In
order to cope with this low level price ,oil companies has been  giving up  to work with local universities  since june last year. The truth is, Many oil
companies will have scarcity of talents 
they used to find  from  local universities. And when I say talents, I mean
from operators, geologist engineers ,accountants, human resources people  and all who have background unrelated with oil
and gas industry
MY
FINAL THOUGHT
  Currently I am very anxious about this low
crude price.If this  downturn will be  long slump,probably  it could affect graduates jobs prospect and
oil companies can’t find the talents they need. But if the slump will be short,
petroleum companies could find the talents they need and this will give
graduate future they are trying to seek for.
Dear
readers we would love to hear your views on all of these

Swala Gets Extension to its Kilosa-Kilombero, Pangani Licenses in Tanzania

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Swala Energy Limited (Swala or the Company) reported Monday that the Tanzanian Ministry of Energy and Mining (MEM) has agreed to extend the period within which an exploration well must be drilled in each of the Kilosa-Kilombero and Pangani licenses in Tanzania to Feb. 20, 2017. This one-year extension is to be deducted from the 4-year additional exploration extension period currently due to commence Feb. 20, 2016, resulting in the additional exploration period having a duration of three years.
Under the Production Sharing Agreements (PSAs) that govern activity on each of these two licenses, the Joint Venture (JV) was originally obliged to drill an exploration well in each license by Feb. 20,. 2016. The JV carried out a seismic survey that was completed in December 2014 and in the same month the JV and the Tanzanian Petroleum Development Corporation (TPDC) agreed to carry out the processing and interpretation of the seismic data during the first half of 2015. This left relatively little time in which to confirm drilling locations and secure long lead-time items, and the JV therefore requested TPDC and MEM to allow it to complete its exploration drilling obligations in the next exploration phase. Both entities have now consented to this modification.
Dr. David Mestres Ridge, Swala CEO, said: “The joint venture has been actively preparing to drill the two licenses and we are grateful to MEM and TPDC for their pragmatic flexibility in respect of the drilling timetable. In June, Swala Oil and Gas (Tanzania) plc appointed an Operations Manager with responsibility for the drilling campaign and it is in the process of engaging a consultant to carry out the Environmental Impact Assessments for the drill locations. In parallel, it has been further interpreting the seismic data so as to optimize those eventual drilling locations. The extension of the time limit for completing the exploration drilling allows the JV to continue its preparatory work with the comfort that all steps are being taken to maximise the chances of success and minimise costs whilst not compromising on either health, safety or environmental integrity.”