The Tanzania Petroleum Development Corporation (TPDC) is set to launch its fourth deep-water offshore bidding round in April.
p style="margin-bottom: 0cm;">The Tanzania Petroleum Development Corporation (TPDC) is set to launch its fourth deep-water offshore bidding round in April.
"The round will include 13 blocks sitting between 1200 metres to 3500 metres of water depth. The blocks for offer include new areas and blocks to be relinquished," TPDC's principal petroleum geologist, Sebastian Shana announced.
Shana said TPDC had 25 offshore blocks, adding that twelve were already licensed while 13 remain unallocated. Tanzania has proven natural gas reserves of 7.5tn cubic feet and is extracting some of it for electricity generation.
Among the companies with exploration blocks in Tanzania are Canada's Artumas Group, France's Maurel & Prom, Norway's Statoil Hydro and Shell.
