Tanesco

Gas Delivery Begin at Kinyerezi 2 Gas Fired Power Plant in Tanzania

Gas delivery has commenced to Tanzania’s newest power facility, Kinyerezi-2 for commissioning of the first two of six gas turbines to the national grid according to Mnazi Bay jv partner Wentworth Resources in its latest update. The project which worth approximately $432 million USD in the Kinyerezi area in Dar es Salaam will generate almost …

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Mnazi Bay Q3 2017 Gross Production Volumes Reach 60MMscf/d

Joint Venture partner at the Mnazi Bay license has reported that Q3 2017 gross production volumes from the Mnazi Bay gas field averaged 60 MMscf/d, bringing the year-to-date average to 45 MMscf/d. The partners expect that production volumes will continue at similar levels into Q4 with October 2017 month-to-date averaging over 64 MMscf/d. “We continue …

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Swala Oil & Gas Seeks minority investment in the Orca Group

Orca Exploration Group has confirmed that it is in discussions with Swala Oil & Gas (Tanzania) plc regarding a possible minority investment in PAE PanAfrican Energy Corporation (PAEM), a Mauritius-registered company that is a wholly-owned subsidiary of the Company. Orca which is the operator of the 879 Bcf Songo Songo natural gas field  is however  quick …

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Orca Exploration Receives Government approval of Additional Gas Plan 2 from the Songo Songo Field

Orca Exploration Group has announced the approval of the Second Additional Gas Plan (AGP-2) by the Government of Tanzania, more than doubling the available volume of Additional Gas for sale from the Songo Songo Field. Under the Production Sharing Agreement for the Songo Songo gas field, production is identified as “Protected Gas” or “Additional Gas.” …

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Tanzania’s Mnazi Bay Asset Gas Sales Reach $7.9 Million in 2017

Mnazi bay asset joint venture partner Wentworth Resources has reported that total cash received for invoiced gas sales from Tanzania Petroleum Development Corporation (TPDC) and Tanzania Electric Supply Company Limited (TANESCO) has reached $7.9 million in 2017 in today’s update to shareholders. The amount includes the most recent payment of $1.2 million from TANESCO and …

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Wentworth Resources Estimates Mozambique’s Tembo Field to Hold 1.7TCF

Oslo Stock Exchange listed independent and East Africa-focused oil & gas company Wentworth Resources has announced that an internal assessment of the prospective resource estimate for the Tembo Structure is 1.7 Tcf (unrisked P50) with the significant oil shows in the Tembo-1 discovery well also suggest the potential for an oil case of 219 MMbbls …

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Tanzania’s Gas Demand To Outstrip Supply by 2018

Tanzania is expected to surpass its current supply in the next two years with the current demand being 80mmscf/d mainly from existing power plants as the country continues to experience chronic power shortages according to Wentworth Resources. Next year the demand is expected to surge to 120mmscf/d with the new buyers mainly being industrial users. …

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Orca Exploration completes offshore workover & drilling program phase at Songo Songo

Orca Exploration Group Inc announces the successful completion of its offshore workover and drilling program and the release of the Paragon M826 mobile drilling workover rig from the Songo Songo Main Field. The Off-Shore Programme of the Songo Songo Main Field development programme included workovers on three existing wells (SS-5, SS-7 and SS-9) and the …

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Orca Exploration Receives $60 million financing for the Songo Songo development programme

Orca Exploration has announced that it is proceeding with the first phase of the Songo Songo development programme following World Bank board approval of the International Finance Corporation financing. Through its operating subsidiary, PanAfrican Energy Tanzania Limited the World Bank board approved an investment of $60 million by IFC currently contemplated as a subordinated, income …

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Oil Potential in Tanzania’s Ruhuhu Block placed at 3.6 BOE

Australian explorer Jacka Resources has said a prospective resource assessment at the Ruhuhu Block has set the highest estimate at 3.6 billion barrels of oil in both convectional and unconventional oil. According to the resource assessment the 3.6BOE  include 263 million barrels of oil (MMBO) of conventional neogene oil and 20 Tcf unconventional gas + …

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