{"id":1428,"date":"2014-07-11T11:07:20","date_gmt":"2014-07-11T08:07:20","guid":{"rendered":"http:\/\/oilnewskenya.com\/?p=1428"},"modified":"2015-09-09T09:32:04","modified_gmt":"2015-09-09T09:32:04","slug":"tanzania-with-gas-already-in-its-bag-tanzanias-rift-system-set-to-become-next-oil-frontier","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/tanzania-with-gas-already-in-its-bag-tanzanias-rift-system-set-to-become-next-oil-frontier\/","title":{"rendered":"Tanzania: With Gas Already in Its Bag Tanzania’s Rift System Set to Become Next Oil Frontier"},"content":{"rendered":"

Original Story by\u00a0Chaby Barasa for Tanzania daily New<\/a>s<\/p>\n

IF recent geological findings are anything to go by, the East African Rift System (EARS) is poised to become the next big thing for oil companies, more so Tanzania where there are numerous areas with the possibility of striking oil.<\/p>\n

Thanks to onshore discovery of oil in Uganda’s Lake Albert and Northern Kenya, the EARS is tipped as the future hotbed of exploration in the region, whose success so far had been limited to gas, which is being harnessed for power in projects such as Tanzania’s Songo Songo.<\/p>\n

Swala Oil and Gas Tanzania (latest entrant in the sector with part-Tanzania ownership), Chief Executive Officer, David Ridge, says the relevance of this is that Tanzania contains both the western arm and the eastern arm of the rift system in Lake Tanganyika and in Pangani\/Eyasi.<\/p>\n

“In addition, the ‘cracking’ that produced the Rift System was not an easy event and a number of smaller ‘cracks’ also appeared between the two main systems: Kilombero and Rukwa seem to be two such systems. “We therefore expect that the oil-prone geology that has been proven in Uganda and Kenya will continue into Tanzania.<\/p>\n

We also know that there is other evidence that Tanzania has the working petroleum systems: for instance, oil seeps offshore, the Tundaua oil seep on Pemba Island and oil, seeps and tar balls in Lake Tanganyika,” says Mr. Ridge in an email to this newspaper. He says early explorers noted in what is today Lake Albert, the presence of oil seeps.<\/p>\n

This observation remained unknown or ignored for years before oil explorers moved into Uganda and – in due course – discovered some four billion barrels of oil. GEO ExPro, a petroleum geoscience magazine, conducted a study recently and noted that the oil seeps in the rift lakes of Lake Tanganyika, Edward and Nyasa may indicate the presence of a similar rock involving the tertiary sections, as discovered recently at Lake Albert.<\/p>\n

Commercial hydrocarbon quantities have now been established in the Ugandan part of the Albertine Graben where the government, together with the international oil companies operating in the country, has embarked on plans to commercialise the discoveries that have been made. This will be the first commercial oil production in the East African Rift system. Plans are underway to commercialise these reserves.<\/p>\n

Read full article…\u00a0http:\/\/ow.ly\/z28oj<\/p>\n","protected":false},"excerpt":{"rendered":"

Original Story by\u00a0Chaby Barasa for Tanzania daily News IF recent geological findings are anything to go by, the East African Rift System (EARS) is poised to become the next big … Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":1429,"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":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[6],"tags":[116,682,963,1324,1366,1367,1369,1372,1444,2204,2449,2466],"class_list":["post-1428","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-by-others","tag-albertine-basin","tag-east-africa-rift-system","tag-gas-tanzania","tag-kilombero","tag-lake-albert","tag-lake-edward","tag-lake-nyasa","tag-lake-tanganyika","tag-lokichar","tag-rukwa","tag-swala-oil-and-gas","tag-tanzania","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/07\/ears.jpg?fit=190%2C266&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-n2","jetpack-related-posts":[{"id":4473,"url":"https:\/\/www.oilnewskenya.com\/index.php\/swala-energy-to-relinquish-tanzanias-pangani-license\/","url_meta":{"origin":1428,"position":0},"title":"Swala Energy to Relinquish Tanzania\u2019s Pangani License","author":"","date":"March 14, 2016","format":false,"excerpt":"Australian oil and gas exploration company Swala Energy has reported it has notified \u00a0the Tanzania Petroleum Development Corporation together with partners Tata Petrodyne and Otto energy its desire to relinquish the Pangani licence after the technical review of the licence showed no structures of commercial interest. The Pangani licence a\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\/2014\/09\/swala-energy-ears.png?fit=329%2C474&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":5291,"url":"https:\/\/www.oilnewskenya.com\/index.php\/swala-energy-raises-up-to-120-million-to-fund-burundi-block-acquisition\/","url_meta":{"origin":1428,"position":1},"title":"Swala Energy Raises Up To $120 Million To Fund Burundi Block Acquisition","author":"","date":"October 14, 2016","format":false,"excerpt":"Swala Oil & Gas (Tanzania) plc has announced it engaged Exotix Partners LLP (Exotix) to place corporate bonds of up to a value of $120 million in order to finance successful acquisition of Block D in Burundi. Swala Energy says the successful acquisition of Block D in Burundi is part\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\/2014\/10\/swala-energy-1.jpg?fit=650%2C451&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/10\/swala-energy-1.jpg?fit=650%2C451&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/10\/swala-energy-1.jpg?fit=650%2C451&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":1602,"url":"https:\/\/www.oilnewskenya.com\/index.php\/swala-oil-and-gas-tanzania-lists-on-the-dar-es-salaam-stock-exchange\/","url_meta":{"origin":1428,"position":2},"title":"Swala Oil and Gas Tanzania lists on the Dar es Salaam stock exchange","author":"Samuel Kamau Mbote","date":"August 12, 2014","format":false,"excerpt":"Swala Oil & Gas (Tanzania) Plc has listed on the Dar es Salaam Stock Exchange becoming the first public owned Oil and Gas Company in East Africa. The company is the 20th to list on the DSE and the 2nd to list under the Enterprise Growth Market an equity market\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\/2014\/08\/swala-listing.jpg?fit=500%2C332&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":2248,"url":"https:\/\/www.oilnewskenya.com\/index.php\/swala-energy-completes-2014-seismic-programme-over-tanzanias-kilombero-basin\/","url_meta":{"origin":1428,"position":3},"title":"Swala Energy Completes 2014 Seismic Programme over Tanzania’s Kilombero Basin","author":"Samuel Kamau Mbote","date":"January 6, 2015","format":false,"excerpt":"Swala Energy Limited has announced that has successfully completed its 430km 2D seismic programme over the Kilombero Basin in central Tanzania. 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