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A firefighter sits on the edge of the helideck as he waits for a helicopter to arrive on the Agbami floating production, storage and offloading vessel (FPSO), operated by Chevron Corp., in the Agbami deepwater oilfield in the Niger Delta, Nigeria, on Monday, Nov. 16, 2015. Nigeria plans to review agreements for deep offshore oil production to seek more favorable terms in line with the latest industry standards, state-owned Nigerian National Petroleum Corp. said. Photographer: George Osodi/Bloomberg via Getty Images

Two leading analysts for Rystad Energy, Espen Erlingsen and Audun Martinsen, named Mozambique and Tanzania as the two countries expected to lead the way in African hydrocarbons growth in the coming years
Oil Review Africa Shell offshoreWhile Mozambique and Tanzania are set to shine, the Bonga project offers hope of growth for Nigeria. (Image source: Shell)

Erlingsen and Martinsen were addressing a client briefing session in London when they made this statement, along with the prediction that by 2017, oil prices will have risen to US$80 a barrel. On a global level, Africa was named by Erlingsen, Rystad Energy’s VP Analysis, as the continent with the largest oil and gas discoveries, along with South America.

Martinsen said that growth in the west African oil countries was “disappointing” with no big developments planned and big players, such as Total and Shell, conserving cash. However, he said that in 2016, Mozambique and Tanzania will be the countries to watch with big gas projects expected to come online in 2016.

Offshore projects, such as Coral in Mozambique, Bonga in Nigeria, Zohr in Egypt, and SNE in Senegal, are also expected to be sources of growth, according to Martinsen. He added that NIgeria’s prospects will be closely monitored in light of a new government coming to power after the March elections.

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Ni kweli ni muhimu sana huyu, kwani juhudi zake  ndo zinakufanya wewe unafurahia maisha sasa,  una uwezo wa kusafiri umbali mrefu kwa ndege au gari, unatumia internet kuwasiliana na rafiki kujifunza, una jiko la gesi, yote haya ni kwa sababu ya huyu bwana Edwin Laurentine Drake.

 Historia ya sekata ya mafuta Duniani ilizaliwa   August 27 mwaka 1859 uko Titusville Pennsylvania nchini Marekani, baada ya Edwin Laurentine Drake  ambae alifanya kazi ya ukonda kwnye gari moshi (treni) kwa miaka 8, alipochimba kisima cha kwanza cha mafuta(black gold) na kufanikiwa kuyapata katika urefu wa futi 69.5.

Kabla ya Drake Kuchimba kisima cha kwanza cha mafua katika mji wa  Titusville, Pennsylvania Nchini Marekani, watu wote ulimwnguni walikuwa wakipata mafuta katika sehemu  ambazo mafuta yalikuwa yakitiririka yenyewe toka ardhini bila kuchimbwa. Yani ilikuwa huitajiki kutumia teknolojia yoyote kuchimba mafuta, mafuta yalikuwa yanatiririka toka ardhini kama vile unavyoona chem chem za maji. Njia hii raisi ya upatikanaji wa mauta iilikuwa bado ni changamoto kwani  bado hizo chem chem zilikuwa hazizalishi kiwango kikubwa cha mafuta kukidhi mahitaji.

.wasifu wa Edwin kwa ufupi

Edwin Laurentine Drake alizaliwa tarehe 29 mwaka 1819, Katika maisha yake Edwin alifanya kazi tofauti ngumu kwa miaka 11, mwaka 1845 alijikuta akizama kwenye dimbwi la kimapenzi na kumuoa mwanadaa Philena Adam ambaye alifariki wakati alipokuwa akijifungua, Mwaka 1849 alipata kazi ya kuwa kondakta wa gari moshi(treni) ambayo aliifanya kazi hiyo kwa miaka 8. Mwaka 1957 Drake alioa tena mke mwingine Laura Dowd. Baadae Drake alilazimika kuacha kazi hiyo ya ukonda kutokana na kusumbuliwa na maumivu ya misuli.

DRAKE KUTOKA KWENYE UKONDA HADI KUAJIRIWA KWENYE KAMPUNI YA MAFUTA

Mwaka 1850 kundi la wanasheria na wakemia wa Marekani walianzisha kampuni ya kwanza ya mafuta duniani iliyoitwa “The Seneca Oil Company” Edwin alifanikiwa kupata kazi kwenye kampuni hiyo Huku kazi yake ya ukonda wa treni ikiwa kama ndio sifa iliyomfanya apate kazi hiyo kutokana na waajiri wa kampuni walikuwa wakitaka mtu ambae ataweza kusafiri vijiji vya mbali vya Pennsylvania kukusanya mafuta kwenye chem chem zilizokuwa zikitiririsha mafuta.Hivyo uzoefu wa Drake kuwa konda ilionekana atainufaisha kampuni kwani huenda akasafiri hadi vijiji eidha bure au kwa gharama nafuu.

EDWIN ANZA KUCHIMBA KISIMA WATU WAMCHEA NA KUMUITA MJINGA

Edwin alipoanza kufanya kazi na kampuni hiyo ya mafuta alifikiri namna ya kuongeza uzalishaji wa mafuta katika chem chem ambazo mafuta yalikuwa yakitiririka bila kuchimbwa (oil seeps). Katika kufikri hilo akapata wazo la kuchimba shimo ili kuweza kupata mafuta. Lakini jitihada zake ziligonga mwamba kwani alikutana na changamoto nyingi mwanzoni na kumpelekea kushindwa. Hata msaidizi wake wa uchimbaji (driller) aliyeitwa  William alianza kukata tama.Kisima(shimo) hicho ambacho Edwin alishindwa kilitwa “Drake’s folly” yani upumbavu wa Drake na baadhi ya watu ambao waliamini hataweza kufanikiwa

EDWIN ATUMIA UBUNIFU

Edwin aliamua kubadili na akaamua kutumia mabomba ya  chuma ambayo yaliweza kutoboa mwamba tabaka(sedimentary rock) aina ya shale. Ilikuwa ni august 27 1859 ambapo  alifanikiwa kuyapata mafuta (black gold) katika urefu wa futi 69. Asubuhi yake msimamizi wake alipoenda  site kukagua kazi aliona ajabu sana kuona kisima cha Drake (Drake’s well) kikitoa kiwango kikubwa cha mafuta. Inakadiriwa kisima hicho kilikuwa kina uwezo wa kuzalisha mapipa ya mafuta 20 hadi 40 kwa siku.

Matumizi ya ugunduzi wa mafuta ya Edwin Drake ulitia hamasa ubunifu wa wajasiriamali  na wagunduzi wengi duniani ambao walibuni  vitu kama magari vitakavyoweza ktumia mafuta ili kumrahisishia maisha mwanadamu.Leo hii kila anatumia kifaa au vifaa ambavyo viligunduliwa na wajasiriamali wengine baada ya Drake kugundua mafuta.Leo hii una uwezo wa kusafiri mamia na melfu ya maili za umbali kutokana na mafuta, unatumia gesi kupikia nyumbani, unatumia generata na pia mafuta na gesi kwa sasa ndo yanaendesha internet na mawasilano yote duniani.

TAFAKARI NA JIFUNZE YAFUATAYO KUTOKA KWA EDWIN DRAKE

Unadhani Ingekuwaje Drake angesikiliza maneno ya watu waliokuwa wakimuona mjinga na kumkatisha tamaa.

Unadhani  dunia ingekuwaje leo bila magari ndege,internet kama Drake angekuwa ni mtu wa kutaka majibu ya haraka na kama angekuwa mtu wa kuogopa kushindwa.

Dunia ingekuwaje kama tu baada ya kuajiriwa Drake angekuwa mtu wa kuridhika na mshahara bila kujali kufikiri ni jinsi gani anaweza kuongeza thamani kwenye kampuni, kutatua changamoto za kampuni na kuongeza uzalishaji.

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Upstream Exploration & Development and Midstream Infrastructure Spending in Angola, Namibia, South Africa, Mozambique, Tanzania & Madagascar

Visiongain has calculated that the Southern African oil and gas market will see capex of $18.55bn in 2015, including spending on both upstream exploration & development (E&D) and midstream infrastructure.

Southern Africa is the single largest region of Africa, a region that includes a diverse range of economies all at varying stages in terms of oil and gas industry development. OPEC member Angola and newcomer Namibia on the West coast are set to increase oil and gas production over the coming years with the continuing exploitation of pre-salt reserves. Mozambique and Tanzania are set to rapidly increase gas production to cater for burgeoning domestic and regional demand for gas-to-power facilities, as well as a desire to supply the resource-hungry economies of Southern Asia via LNG exports. South Africa is looking to expand its offshore operations, boosted by successes off its Western coast, as well as hoping to expand onshore shale gas development in the Karoo Basin to supply the needs of the region’s economies. Lastly, Madagascar is set to become one of the world’s most exciting emerging oil producers, and is currently vying for foreign capital along with other countries in the region to develop its large onshore, heavy oil and oil sands reserves over the coming decade.

The report will answer questions such as:
• What are the prospects for upstream oil and gas markets in Southern Africa?
• What are the prospects for midstream oil and gas markets in Southern Africa?
• How are oil prices affecting the Southern African oil and gas market?
• Who are the leading companies in Southern Africa?
• Which Southern African countries are currently attracting the most upstream and midstream spending and how will this change over the coming decade?

How will you benefit from this report?
• Over 280 pages of analysis, including 153 charts and tables, which provide the perfect accompaniment to high-end business presentations
• Details on upstream exploration and development activity across 226 active license blocks in the region
• Information on 24 current and future midstream projects

• Up-to-date oil price forecasting and analysis
• Sections on Economy and Energy Sector Development by country
• Sections on Political Risk Analysis by country
• In-depth interviews with industry experts, providing exclusive insights into oil and gas developments across the region

Five reasons why you must order and read this report today:

1. The report provides forecasts and analyses for the main categories of oil and gas upstream and midstream spending in Southern Africa

Upstream
– Geophysical studies
– 2D studies
– 3D studies
– Onshore wells
– Offshore wells and subsea development
– Floating Production Systems (FPS)

Midstream
– Pipelines
– LNG facilities
– GTL facilities
– Refineries
– Storage

2. The above upstream & midstream submarkets and spending categories are broken down for the six largest national markets in Southern Africa
– Angola
– Madagascar
– Mozambique
– Namibia
– South Africa
– Tanzania
– ‘Rest of Southern Africa’ (Botswana, Lesotho, Swaziland, Zambia and Zimbabwe)

3. Tables and analysis detailing the latest activity within each Southern African licence block

4. The analysis is also underpinned by our exclusive interviews with leading experts:
– James Baban, Managing Director of Tanzania Ltd
– Dr David Mestres Ridge, CEO of Swala Energy

5. Comprehensive accompanying analysis on each country:
– Economy and Energy Sector Development
– Political Risk Analysis

Who should read this report?
– Companies currently investing in, or thinking of investing in, any Southern African countries
– Anyone within the upstream and midstream oil and gas industry
– CEOs
– COOs
– CIOs
– Business development managers
– Marketing managers
– Suppliers
– Investors
– Contractors
– Government agencies
– Onshore/offshore drilling engineers
– Geologists

Don’t miss out

This report is essential reading for you or anyone in the upstream and midstream oil and gas sector in Southern Africa. Purchasing this report today will help you to recognise those important market opportunities and understand the possibilities there.

For more information, please visit : https://www.visiongain.com

 

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Jay Bhattacherjee, chief executive of Aminex (LON:AEX), says the Tanzania Petroleum Development Corporation’s (TPDC) backing of the Kiliwani North as a great sign of support for the project.

Speaking to Proactive, Bhattacherjee adds that TPDC’s decisions to take a 5% working interest in the project provides some assurance that a gas sales agreement will soon be reached and production will get underway.

Participants in the KNDL are currently: Ndovu Resources Ltd (Aminex) 58.5% (operator), RAK Gas LLC 25%, Solo Oil 6.5% and Bounty Oil & Gas NL 10%.

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Solo Oil has welcomed the decision of the Tanzania Petroleum Development Corporation to back into the Kiliwani North Development Licence for a 5% working interest as a fully paying partner.

The assignment of the interest to TPDC will be subject to it paying the existing joint venture partnership the 5% pro-rata share of the development capital spent to date and to complying with the existing joint operating agreement.

Once the back-in is concluded Solo’s interest in the KNDL will be 6.175% (current interest 6.5%).

Solo chairman Neil Ritson said: “Solo is delighted that TPDC have chosen to exercise their back-in rights which will further increase their alignment with the partnership developing Kiliwani North.

“We continue to anticipate reaching final agreement on the gas sales agreement shortly and gas sales revenues commencing soon after.”

You can also read:Solo oil ranks Tanzania assets highest

The KNDL contains the Kiliwani North 1 well, which the company expects to produce at up to approximately 30 million feet per day of gas (gross). Once producing this will represent a major milestone for Solo, providing the company’s first revenues from its investments in Tanzania.

A gas sales agreement, with appropriate payment guarantee provisions, is pending signature and once signed will allow gas to flow from the KNDL to the newly constructed Songo Songo Island gas processing facilities and into the national pipeline to customers in Dar es Salaam.

Solo holds an option to increase its interest in the KNDL by 6.5% to a total of 13% once the gas sales agreement is signed for a further payment of $3.5 million to Aminex. This option will also be subject to TPDC back-in once concluded. Solo would then hold a 12.35% working interest in the licence.

Participants in the Kiliwani North Development Licence are currently: Ndovu Resources Ltd (Aminex) 58.5% (operator), RAK Gas LLC 25%, Solo Oil plc 6.5% and Bounty Oil & Gas 10%.

 

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DAR ES SALAAM, Tanzania – Norway’s Aker Solutions, an oil and gas services company, is concerned at the Tanzania government delays in issuing relevant permits writes JOSEPH BURITE.

Even though the market has been very volatile, we see that Africa still has a lot of big mega projects for field development. It’s driving our strategy,” Egil Boyum, the Senior Vice President for Operations and Business Improvement said recently.

He was speaking on the sidelines of  a Norwegian business forum in the Tanzanian commercial capital, Dar es Salaam.

“When you talk to the people here on gas, I think it’s not about the market. It’s more a question about getting predictability into their plans,” Boyum said.

He said: “Both in Mozambique and Tanzania, operators are talking about the process of getting licenses, agreements with partners and governments is what is taking time and dragging out. To me, that’s a bigger risk to them than the commodity market.”

You can also read:Tanzania extracting of natural gas in the Indian ocean likely to take longer

He said Aker’s partners, Statoil (Norwegian state oil company) and BG (a British multinationa gas firm) are yet to get land and permits in Tanzania, which has hindered their planning, according to Boyum.

“It’s easy to understand that politicians here (Tanzania) are more careful because it’s a very important asset with a 20 to  30 year lifetime and we need to do it right, but also the volatility in the market means it’s smart for them to move. Don’t take too long,” he said.

Tor Smestad, Aker’s Vice President for Strategy and Business Development, said: “Things were moving a little bit faster in 2013 and early 2014, but now Mozambique has moved maybe two years ahead of Tanzania,”

“For us we see East Africa getting more and more interesting and we expect within less than a year there will be real field developments taking place in Mozambique,” Boyum said.

This month Tanzanians will vote in General Elections for a new president and parliament.

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Hopes of extracting liquefied natural gas (LNG) in the Indian Ocean have been dashed after officials implementing the multibillion-dollar project discovered an underwater canyon that is likely to cause delays.

 
Work on the over US$15bn plant for LNG exports earmarked to start in 2020  now likely to take longer than expected should the government and other key players, specifically oil marketers BG and Statoil, fail to reach an agreement.
 
Venosa Ngowi, a senior petroleum geologist in the state-owned Tanzania Petroleum Development Corporation (TPDC) told the Tanzania Editors’ Forum in Bagamoyo last weekend that the project has ‘stalled’ because at the firms and the government have not decided how to circumvent them.
 
The forum was organised by the Journalists Environmental Association of Tanzania (JET) to brief journalists on contentious issues in the extractive industry.
 
Acknowledging that more needs to be done, Ngowi said the TPDC and oil marketing companies were now cooperating in  overcoming the challenge. She said Tanzania, with its latest discoveries standing at 55.2tcf, holds one of the biggest East African natural gas reserves after Mozambique.
 
Ngowi said 11 wells have already been drilled, among which four were generating power for domestic and industrial use.
 
“Because of the high demand for stable power supply, TPDC has even been using a gas well at Mkuranga, Coast Region, which is not economically viable for supplying . All the wells being used do not include the new ones drilled offshore,” she said, referring to the challenge of setting up an LNG facility.
 
In addition to canyons, construction of the onshore LNG export terminal that would handle two train rakes has been delayed mainly because of complex land acquisition procedures and an uncertain legal and regulatory framework.
 
Energy experts have warned the government not to rush into making decisions on the project, considering that oil and gas prices on the global market are currently not appealing.
 
Nevertheless, Natural Resources Governance Institute (NRGI) senior regional associate Silas Olan’g cautioned the government not to take decisions based on pressure from oil marketing firms.
 
He said it was very likely that the government would lose if prices of oil and gas stabilise in the global market, pointing out:
 
“This is not a new thing. It happened during the rush for gold extraction when pressure was put on the government and it took non informed wrong decisions when the price of gold was not attractive on the world market.
 
“This is what is likely to face Tanzania if it now implements uninformed decisions,” he told this reporter on the sidelines of the forum. He added: “A good investor won’t rush to make investment decisions in the middle of low prices.” he added.
 
Dr Ellen Otaru, the JET chairperson called on the editors to take part in the entire process of reporting the extractive industry for the public to make informed decisions before implementation. 
 

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The Petroleum Act 2015, the Tanzania Extractive Industry (Transparency and Accountability) Act 2015, and the Oil and Gas Revenues Management Act 2015 are conceivably the most controversial in recent years, given the sweeping reforms these pieces of legislation seek to bring to the Tanzanian petroleum industry, which is projected to be the single largest contributor to the national economy.

Passed under certificate of urgency before the end of the 20th session of the National Assembly last July, these Acts have just been assented to by President Jakaya Mrisho Kikwete on 4th August 2015. The Acts, it is hoped by the Government of Tanzania (GoT), will update and consolidate existing enactments for the petroleum industry.

The introduction and passing of the Acts can be traced to the emergency of competing petroleum investment opportunities in other sub-Saharan African countries, most notably Kenya, Uganda, Egypt, Algeria, Ghana, Nigeria, Angola, and Mozambique; and, according to press reports, the fear of losing investors to these countries.

At the outset, it should be pointed out that building accountability and trust by increasing openness and transparency in administering and managing the petroleum industry cannot be overstated. As such, the Tanzania Extractive Industry (Transparency and Accountability) Act 2015 will be largely viewed as positive by all stakeholders.

It appears, however, that the effectiveness of the Tanzania Extractive Industry (Transparency and Accountability) Act 2015 is watered down by the provision which requires the publication of all concessions, contracts and licences relating to the extractive industries, including oil and gas. Non-compliance is a criminal offence, which attracts a stiffer pecuniary fine of Tshs.150 million (approximately, US$75,000) for companies.

This provision is expected to become a bone of contention between the GoT and international oil and gas investors, since it’s not clear if all the signed Production Sharing Agreements (PSAs) will need to be published, considering the confidentiality clauses contained in the PSAs and MDAs. It will be interesting to see how the provision will be actually applied.

For purposes of restructuring the country’s petroleum institutional framework, the new legislation establishes and, in some instances, re-establishes the following authorities, institutions, and funds: l Oil and Gas Bureau – This is an independent department, under the Office of the President, mandated to advise the Cabinet on strategic and commercial aspects of the country’s oil and gas economy.

 

Petroleum industry regulators – A new regulatory authority, the Petroleum Upstream Regulatory Authority (PURA), will oversee the upstream petroleum sub-sector and perform audits of the cost recovery on the exploration, development, production and sale of oil and gas in order to determine government profit share and royalties (rents). Already well-known by industry stakeholders, the Energy, Water and Utilities Regulatory Authority (EWURA) is re-established but with a new role: regulatory oversight over the midstream and downstream petroleum subsector.

Tanzania Extractive Industry (Transparency and Accountability) Committee – This is an autonomous body responsible for promoting and enhancing transparency and accountability and ensuring that the benefits of the extractive industries are verified, duly accounted for, and prudently utilised for the advantage of Tanzanians.

The National Oil Company (NOC) – The Tanzania Petroleum Development Corporation (TPDC) is designated as the NOC and will exclusively manage the GoT’s commercial interests and involvement in petroleum projects. TPDC will participate in petroleum reconnaissance, aggregate natural gas, own and operate major gas infrastructure either directly or via subsidiaries, and collect and account for non-tax oil and gas revenues, surface rentals and block fees.

Two funds are proposed for the industry – The Oil and Gas Fund, established under the Oil and Gas Revenues Management Act 2015, will be responsible for maintaining fiscal and macroeconomic stability, enhancing social and economic development, and safeguarding resources for future generations. A Decommissioning Fund is also established under the Petroleum Act 2015, and international oil and gas investors will need to factor payments to this fund into their costs.

Besides restructuring the institutional framework, the new legislation seeks to re-organise the regulatory framework for the petroleum industry. Accordingly, PURA, responsible for regulating the upstream petroleum sub-sector, will oversee the processing, granting, renewal, suspension and cancellation of exploration, development and production licences for the NOC (TPDC); implement local content programmes; facilitate the resolution of complaints and disputes; and deal with other issues relating to the management of petroleum areas, private sector entity partnerships with TPDC, and reservation of blocks for TPDC.

In that regard, a registry of petroleum agreements, licenses, permit authorisations and any change in interest of an existing petroleum agreement, license or permit will be established and maintained by PURA.

International oil and gas investors should be aware that any purported transfer or assignment of an interest which is not authorized by the Minister of Energy and Minerals is in vain.

 

Additionally, investors should note that, as the NOC, TPDC will be given the first right of refusal to acquire a participating interest intended to be transferred or assigned to a non-affiliate.

A domestic gas supply obligation is imposed on license holders to satisfy the domestic market in Tanzania from their proportional share of production, but how this will actually operate remains imprecise.

This obligation, which is directed towards improving Tanzania’s perennially poor power system and assisting local industrialisation, will be considered by most Tanzanians as deserving of praise.

 
 

For the midstream and downstream petroleum subsector, EWURA will have similar regulatory oversight roles like PURA: issuing, renewing, suspending, and cancelling construction approvals and operational licenses; collecting fees and levies in accordance with the EWURA Act; approving applications for tariffs and prices; promoting the use of local goods and services; and ensuring the maximum participation of Tanzanians in every part of the petroleum value chain.

Using the National Petroleum and Gas Information System (NPGIS), a strategic planning tool, EWURA is, under the Petroleum Act 2015, mandated to let the public know, periodically, about the status of the industry.

A key part of the NPGIS will be the Central Registry of Petroleum Operations (CRPO). TPDC will designate one of its subsidiaries to exclusively purchase, collect and sell natural gas from producers.

The subsidiary, called the aggregator, will be licensed by EWURA. This implies that international oil and gas investors may not have the need to set up separate legal entities for marketing and distribution purposes.

Moreover, these investors must give serious consideration to how they will interact with the aggregator. As mentioned previously, TPDC has exclusive rights over petroleum in the upstream sub-sector, but it does not have such rights in the midstream and downstream sub-sector.

So, international oil and gas investors can find processing, transportation and storage; liquefaction, shipping and re-gasification; and distribution opportunities in the midstream and downstream sub-sector, without concluding partnership arrangements with TPDC.

 

Tariffs for transportation and distribution of gas are set by EWURA, however, concerns about the viability of petroleum operations in Tanzania means that international oil and gas investors will be expecting EWURA to consult them in setting tariffs.

In discharging their regulatory responsibilities, PURA and EWURA are to act in accordance with the Tanzania Development Vision 2025, the Energy Policy 2003, the Natural Gas Policy 2013 and a yet-to-be finalized Local Content Policy.

Locally produced goods and services are required to be given first consideration by a license holder, and where such goods and services are unavailable, the same are to be provided by a foreign company which has a joint venture arrangement with a Tanzanian company.

The objective here, it is understood, is to help improve the competitiveness of Tanzanians in the global marketplace by giving them access to advanced technology and management experience when they work in consortia with foreign companies.

It is obvious that petroleum projects require access to land. Under the Petroleum Act 2015, TPDC is considered as the only entity which will have land rights and facilities in the upstream sub-sector.

The President is empowered to grant a right of occupancy over land to a license holder, assumed to be TPDC; however, where the corporate vehicle is a joint venture between TPDC and a foreign entity as the majority shareholder, there may be issues with respect to foreign ownership of land, which is prohibited under the land laws of Tanzania.

In such a scenario, in order to obtain rights over land for upstream petroleum activities, a key question is whether the joint venture with TPDC would have to be registered under the Tanzania Investment Centre (TIC)?

From a fiscal perspective, the main objective of international oil and gas companies and the GoT investing in or permitting operations in the petroleum industry is to derive revenue. That’s why changes and developments in the Tanzanian tax regime are important.

Very briefly, the Petroleum Act 2015 makes provision for payment of annual licence fees and bonuses to TPDC (upon on signing of the relevant agreement and on commencement of production) as well as all other relevant taxes, including capital gains tax in respect of a corporate reorganization and withholding tax on interest payments of loans.

BY Paul Kibuuka, is the Managing Partner of Kibuuka Law Chambers. 

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Yes, to day i have free gift for you

Our gift is  e-book and its known as “Essentials guide to oil and gas” it will help you to gain the general over view of oil and natural gas field.

This e-book will help those wish  to join petroleum industry but have background unrelated to oil and gas industry and also to those who are already deal with oil and natural gas industry but are very interesting in updating  their skills and knowledge.As i said early, in order to have successful career in petroleum industry  you need to develop the habit of lifelong learning.

You should  read it, because  the ebook is very short and presented in simple  language  to make the concept easy to understand and  remember.

 

Read or download via link below: [gview file=”https://tanzaniapetroleum.com/wp-content/uploads/2015/09/oil-and-gas1.pdf”]

 

 

a3f308aeac97491a8a01110776a93b6aLondon – Mining, oil and gas exploration poses a threat to 61% of Africa’s Unesco-approved Natural World Heritage Sites and nearly one-third of sites worldwide, the World Wildlife Fund (WWF) conservation group said on Thursday.

“Our research shows that intrusion into natural World Heritage Sites is especially high in Africa, where 61% of these precious areas are subject to some form of extractive concession or activity,” WWF said in a report.

The report found that extraction concessions or activity affect 25 of Africa’s 41 World Heritage sites.

Worldwide, 70 of 229, or 31%, of natural World Heritage Sites are under threat, it said.

 

“We are going to the ends of the earth in pursuit of more resources,” said David Nussbaum, chief executive of WWF in Britain, adding that minerals, oil and gas “are becoming more difficult and more expensive to extract.”

The report urges investors to help safeguard natural sites by ensuring “responsible conduct” by the companies in which they invest.

WWF’s findings flagged Tanzania’s 50 000km2Selous game reserve, a World Heritage Site since 1982 that “covers an area larger than Denmark and is one of the few remaining examples in Africa of a relatively uninhabited and undisturbed natural area.”

But legislation passed in 2009 allowed licensing of mineral extraction inside Tanzania’s game reserves.

Since then, five active mines, more than 50 mining concessions and six oil and gas concessions have sprung up that “could potentially impact the Selous game reserve,” according to the report.

“The reserve was added to the World Heritage danger list in 2014 in part due to concerns regarding extractive activities within the reserve,” it said.