Total to carry out oil exploration in Lake Tanganyika

tanganyika  Dave ProfferTanzania has announced that permits for Lake Tanganyika will be issued to Total in the next few months. (Image source: Dave Proffer/Flickr)Total SA has announced plans to carry out oil and gas exploration on the Tanzanian side of Lake Tanganyika

The government of Tanzania has announced that permits will be issued to Total in the next few months.

Minister for energy and minerals Sospeter Muhongo said, “The government is confident the oil firm has the potential to undertake the activities and will be able to comply with the minimum work commitment.

“I am convinced that the oil firm has superior technical as well as a financial capability to successfully undertake exploration activities in the area,” he added.

Tanzania Petroleum Development Corporation (TPDC) has already divided the Tanzanian side of Lake Tanganyika into two blocks, with the southern portion having been awarded to Australia’s Beach Energy in 2008.

According to Muhongo, the exploration block has the potential to contain 200mn barrels of oil.

Beach Energy revealed in August 2012 that the lake had the potential for large discoveries and there were clear signs of a working petroleum system on the DR Congo side. 

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