Tanzania extends Afren’s oil and gas licence

offshore tanzania-conduqtor wcThe block lies south of Afren’s 100 per cent owned and operated Blocks L17 and L18 in neighbouring Kenya. (Image source: Conduqtor/ Wikimedia Commons)UK-listed explorer Afren has announced that Tanzania has extended its oil and gas exploration licence in the Tanga Block by four more years

Afren, operator with a 74 per cent interest, and its joint-venture partner Petrodel Resources Limited holds a production-sharing agreement (PSA) in the block, which is located offshore and onshore north-east Tanzania.

The Tanzanian block lies south of Afren’s 100 per cent owned and operated Blocks L17 and L18 in neighbouring Kenya.

Petrodel Resources Limited was awarded the Tanga Block during Tanzania’s 2005/06 bidding round. Afren announced a farm-in to the block in March 2011.

The licence includes onshore, shallow marine and deep marine areas, Reuters reported.

The Tanzanian Oil Ministry said, “The first licence extension of four years granted to the company will enable it to continue with oil and gas exploration activities in the offshore deep-sea area and in the onshore area east of Tanga region.”

An Afren statement noted that a 620 sq km 3D seismic survey was completed in January 2013 and processing was being fast tracked in order to bring the deeper water prospectivity to equal technical maturity as the shallow water prospects and allow the group to optimise the prospect selection ahead of exploration drilling.

 

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