{"id":12284,"date":"2022-05-25T05:31:34","date_gmt":"2022-05-25T05:31:34","guid":{"rendered":"https:\/\/www.oilnewskenya.com\/?p=12284"},"modified":"2022-05-25T05:31:34","modified_gmt":"2022-05-25T05:31:34","slug":"tanzania-petrodel-resources-to-re-enter-tanga-kimbiji-and-latham-licenses","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/tanzania-petrodel-resources-to-re-enter-tanga-kimbiji-and-latham-licenses\/","title":{"rendered":"TANZANIA: Petrodel Resources to Re-enter Tanga, Kimbiji and Latham licenses"},"content":{"rendered":"

Petrodel Resources has announced its intention to revive its operations in Tanzania.<\/p>\n

Petrodel is the owner of the Tanga, Kimbiji and Latham licenses in Tanzania and were acquired in 2006. Petrodel\u2019s primary interest is in the extraction of natural gas from all three fields. Petrodel\u2019s former partners, Afren and Heritage Oil, are no longer involved, with Petrodel now the 100% owner of all three.<\/p>\n

Tanzania is home to sub-Saharan Africa\u2019s second-largest gas resources, with reserves estimated at 57.5 trillion cubic feet. Past uncertainty over the investment landscape has meant that these reserves have remained largely untapped. However, Petrodel believes investor confidence has improved following the coming to office of President Samia Suluhu Hassan.<\/p>\n

Commenting on Petrodel\u2019s decision, Michael J. Prest said:<\/p>\n

\u201cAs we travel the energy transition journey, the current global demand and supply balance mark that the time is right to accelerate Petrodel\u2019s operations in Tanzania, the combination of that and the positive sentiments coming from the new Tanzanian Government make further development of these prospects very real. I believe the stable investment platform being created by President Samia Hassan is a good omen for both Tanzania and Petrodel. We look forward to engaging with the Government to realise these opportunities.\u201d<\/em><\/p>\n

Petrodel will invest approximately USD 80 million to meet first well commitments in Tanga and a combined total of USD 20 million to complete final and additional seismic work in both Kimbiji and Latham to bring the fields into production. It is estimated that for the required infrastructure to be in place will take two years. Production and shipments of gas is expected to commence in 2025. All three fields will require significant labour forces and should provide much-needed employment opportunities for the surrounding regions.<\/p>\n

Download the FREE Tanzania Upstream Sector Outlook for more details on Petrodel’s blocks. Click HERE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Petrodel Resources has announced its intention to revive its operations in Tanzania. Petrodel is the owner of the Tanga, Kimbiji and Latham licenses in Tanzania and were acquired in 2006. … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":6426,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[7442,7443,11],"tags":[59,1078,10506,10507,10505,4201,2466],"class_list":["post-12284","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","category-eastern-africa","category-top-news","tag-afren","tag-heritage-oil","tag-kimbiji","tag-latham","tag-petrodel-resources","tag-tanga","tag-tanzania","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/10\/Tanzania-exploration-Map.jpg?fit=740%2C654&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-3c8","jetpack-related-posts":[{"id":3972,"url":"https:\/\/www.oilnewskenya.com\/index.php\/octant-energy-to-purchase-afren-assets-in-tanzania-and-kenya\/","url_meta":{"origin":12284,"position":0},"title":"Octant Energy To Purchase Afren Assets in Tanzania and Kenya","author":"","date":"November 2, 2015","format":false,"excerpt":"Canada-based oil and gas company Octant Energy Corp. has announced that it has entered into three agreements with subsidiary companies of cash strapped Afren PLC to acquire assets in the Republic of Kenya and the United Republic of Tanzania. Afren assets through its wholly owned subsidiary East Africa Exploration EAX\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"Afren Kenya","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/11\/Afren-Kenya.png?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":6424,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tanzania-upstream-sector-activity-outlook-2017-2018-synopsis\/","url_meta":{"origin":12284,"position":1},"title":"Tanzania Upstream Sector Activity Outlook 2017-2018 Synopsis\u00a0","author":"","date":"October 17, 2017","format":false,"excerpt":"Tanzania Upstream Sector Activity Outlook 2017-2018 \u00a0presents an in-depth assessment of the upstream sector in Tanzania including a look through the last over 65 years of oil and gas exploration, , discoveries as well as development and production of \u00a0natural gas. \u00a0The report also forecasts expected activity over the next\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/10\/Tanzania-exploration-Map.jpg?fit=740%2C654&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/10\/Tanzania-exploration-Map.jpg?fit=740%2C654&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/10\/Tanzania-exploration-Map.jpg?fit=740%2C654&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/10\/Tanzania-exploration-Map.jpg?fit=740%2C654&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":5812,"url":"https:\/\/www.oilnewskenya.com\/index.php\/octant-energy-to-raise-10-million-to-finance-kenya-tanzania-blocks-acquisitions\/","url_meta":{"origin":12284,"position":2},"title":"Octant Energy to Raise $10 Million To Finance Kenya, Tanzania Blocks Acquisitions","author":"","date":"March 27, 2017","format":false,"excerpt":"Octant Energy has announced it has entered into a term sheet with Rosseau Asset Management to proceed with a financing of up to USD$10,000,000 through the issuance of secured convertible debentures to finance the acquisition of Afren\u2019s assets in East Africa namely Kenya\u2019s Block L17\/L18 and Block 1 as well\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"Afren block L17,18","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/08\/afren-block-l1718-300x118.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":6488,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tanzania-president-to-lay-cross-border-mark-stone-for-oil-pipeline-uganda\/","url_meta":{"origin":12284,"position":3},"title":"Tanzania President to Lay Cross Border Mark Stone For Oil Pipeline in Uganda","author":"","date":"November 6, 2017","format":false,"excerpt":"President John Maghufuli of Tanzania and host President Yoweri Museveni will on Thursday lay a cross border mark stone at Luzinga village in Uganda for the East Africa Crude Oil Pipeline. 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