M a r k e t N e w s

Tanzania: Shell to Invest U.S.$80 Million with Partners for Gas Drilling

Posted on : Tuesday , 29th November 2016

Royal Dutch Shell and its partners -- Pavilion Energy and Ophir Energy -- have announced commencement of gas drilling off the coast of Tanzania in a $80 million investment project.

The drilling will cover two wells in Block 1 and 4, located in the offshore Mafia deep basin and with each depths of up to 2,800 metres.
"In the current investment climate, there is a need to have strong project fundamentals, including government support and cooperation" Shell announced in Dar es Salaam last week.
Tanzania has been exploring for oil and gas for the past 64 years, making its first natural gas discovery in 1974 at Songo Songo Island and at Mnazi Bay.
Currently, the country has proven natural gas reserves of 57 trillion cubic feet, with at least 49.5 trillion cubic feet of those reserves far offshore in the Indian Ocean.
The two wells in Block 1 and 4 are being developed at a time oil prices are falling in the international market.
The development of Blocks 1 and 4 is part of the Tanzania Liquefied Natural Gas Project under the Vision 2025 economic plan.
"By 2025, the economy of Tanzania will have changed from a low productivity agricultural economy to a semi-industrialised one led by modernised and highly productive agricultural activities, which are effectively integrated and buttressed by supportive industrial and service activities in the rural and urban areas.
A solid foundation for a competitive and dynamic economy with high productivity will have been laid," Tanzania Vision 2025 envisages.
East Africa is emerging as one of the world's frontiers for oil and gas.
Repeated gas finds off East Africa's coast their have led to predictions that the region could become the world's third-largest exporter of natural gas, and plans are under way for development of LNG facilities to pave the way for processing.
Royal Dutch Shell and Exxon have remained focused on Tanzania's gas exploration despite the falling oil prices.
Shell posted $1.4 billion in net income for the third quarter this year after reporting a net loss of $6.1 billion a year earlier.
Looking ahead, Shell said capital investment for 2017 is expected to be $25 billion, at the low end of its $25 billion-$30 billion range.

Source : allafrica.com
Featured Companies
  • Bajaj Auto
  • Tire Group International, LLC.
  • /
  • TITAN Containers A/S
  • Your Banner HERE!

Complete List  

Advertisers in previous issue:

  • Engineering Expo, is Indiaís largest multi-location trade show on manufacturing
  • Manufacturers & Exporters of hand tools, garden tools & leatheer tool pouches.
  • A world leading name in Heat Transfer Technology
  • Ducorr is engaged in the engineering, manufacture & deployment of cathodic protection systems and products.
  • We have been at the forefront of plate heat exchanger technology.
  •  BMC China Exhibition Co., Ltd is the wholly-owned subsidiary of German Enerxy AG Group
  • VEGA Grieshaber KG is a world-leading supplier of level, switching and pressure instrumentation.
  • South African incinerator and cremator designer and manufacturer making significant inroads into overseas markets.
  • A world class Rotary Gear Pumps for effective pumping and trasfer of all viscous & semi-viscous liquid like oils, chemicals, food products and more..
  •  TITAN Containers is one of the largest privately owned companies supplying containers for a multitude of applications.
  • Kenya Engineer is a Journal of the Institution of the Engineers of Kenya
  • Pumps for dewatering, ground water control, sludge and slurry handling.
  • Al Hosni Group International, has the experience and expertise in Construction, Manufacturing, Marketing, Hospitality, Chemicals, Gas services and environmental projects.
  • Seco actively contributes to improving your productivity and competitiveness in metal cutting machining.
  •  Unipro was born to transmit and give itís experience in trading high quality safety equipments ensuring high quality products under international standards required in the Oil and Gas, Mining, Construction, automotive, Steel and Chemical industries.
  • Leading manufactures and expoters of the electronic products
  • Prisma s.r.l. is an industrial reality, qualified in the study and the production of automatic doors for lift.
  • Dedicated to the Engineering Manufacturing Sector in India
  • Aygaz is the only fully integrated LPG company in Turkey, operating in all LPG processes, including production, procurement, storage and filling
  • Manufacturing and marketing "aira" brand Valve Automation Products
  •  The Western Group has been in business for over two decades and was set up primarily to service the Oil & Gas Industry Sectors.
  • Catering for the most varied industrial storage requirements.
  • Fuel Metering System
  • Bakery Equipment, Flour Mill, Bread Improver, Dried Fruit Processing machine
  • LINTEC doub- le screen technology and the worlds first asphalt mixing plant in 100% ISO sea containers.
Afrotrade International Marketing, Tel: +971-50-6285684
© 1998-2019 Afrotrade