M a r k e t N e w s

Tanzania: TPDC to Take Oil Search a Notch Higher

Posted on : Tuesday , 17th November 2015

Tanzania Petroleum Development Corporation (TPDC) will start an advanced search for oil in Lake Tanganyika, the state-owned firm said at the weekend.

From its first stages of surveys across Lake Tanganyika waters, TPDC believes the area from Kigoma Rural, Kigoma Ujiji, Uvinza and Mpanda Rural contains abundant oil resources.

The belief stems from the fact that neighbouring Uganda has already discovered oil in Lake Albert which has the same environment as that of Lake Tanganyika.

TPDC said in a statement at the weekend that it is deploying a non-invasive Airborne Gravity Gradiometry Survey (AGGS) over Lake Tanganyika North Block in the five districts between November, 2015 (this month) and January, 2016.

“The objective of the survey is to acquire high resolution gravity and magnetic data to map subsurface structural geological framework, thickness and extent of the sedimentary rocks over Lake Tanganyika rift basin,” the TPDC managing director, Dr James Mataragio, said in a statement at the weekend.

Source : ICES
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