Tanzania announces fourth deep offshore and North Lake Tanganyika licensing round

oil rig tanzania-marriane muegenburg cothern flickrThe bid for the round will be closed on 15 May 2014. (Image source: Marriane Muegenburg Cothern/Flickr)The Tanzania Petroleum Development Corporation (TPDC) has announced that the fourth Tanzania deep offshore and North Lake Tanganyika licensing round will be launched on 25 October 2013

Bidding for the round will close on 15 May 2014, industry sources have confirmed.

The round includes the deep offshore sedimentary basins comprising of seven deepsea blocks, each of average size of 3000 sq km, located between 2,000 metres to 3,000 metres of water depths and North Lake Tanganyika block located offshore in the western side of the East African rift system.

Two deep offshore blocks — 4/1B and 4/1C — have been reserved for the government where TPDC will be allowed to execute a different exploration approach with a strategic partner.

 

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