Tanzania Oil and Gas Report - Business Monitor International - Industry Reports

Tanzania Oil and Gas Report

Tanzania Oil and Gas Report - Business Monitor International - Industry Reports
Tanzania Oil and Gas Report
Published Aug 30, 2016
78 pages — Published Aug 30, 2016
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Dodsal Group announced in March ---- that it made the country s largest onshore natural gas discovery in the Ruvu Basin coastal region. The company estimates that the deposit contains approximately --.- bcm, an upwards revision of its previous estimate of --.-- bcm. ...The Tanzanian Petroleum Development Corporation has extended Aminexs Mtwara licence a one year extension. The company plans to drill the Ntorya-- appraisal well over this time period, followed by an application for a ---year development licence if drilling proves positive. Motor Oil has in principle reached an agreement for -- participating interest with Otto Energy in the Kilosa-Kilombero License which lies onshore. ...ION Geophysical Corporation has been awarded a seismic data acquisition study by the TPDC. The study covers -,---km of -D seismic, gravity and magnetic data in blocks -/-B and -/-C in the offshore

...BMI View: Tanzania continues to be an attractive prospect for investment, as a result of its gas-rich offshore resources. A lower-for-longer oil price scenario and sustained downward pressure on LNG prices pose risks to FID on Tanzania s LNG export project. Continued fiscal and regulatory uncertainties are also a threat and could push first exports beyond our ---year forecast period. Without the project, it is unlikely that a significant portion of the country s offshore assets will be developed in the near or medium term. Consumption growth looks strong for both refined fuels and gas, albeit from a comparatively low base. Gas consumption will be met domestically, but a lack of refining capacity will see an increased reliance on imported fuels. Table: Headline Forecasts (Tanzania ---------) ---- ----e ----f ----f ----f ----f ----f Crude, NGPL & other liquids prod, ---b/d -.- -.- -.- -.- -.- -.- -.- Refined products production, ---b/d -.- -.- -.- -.- -.- -.- -.- Refined products consumption & ethanol, ---b/d --.- --.- --.- --.- --.- --.- --.- Dry natural gas production, bcm -.- -.- -.- -.- -.- -.- -.-

...Ongoing uncertainty regarding the country s oil and gas regulations remains a key hurdle for investors, despite significant offshore gas resources. Based on the new model production sharing agreement, companies may expect higher taxation, an expanded role for the state and more stringent local content mandates. ...

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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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Business Monitor International - Industry Reports. "Tanzania Oil and Gas Report" Aug 30, 2016. Alacra Store. Apr 23, 2018. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Tanzania-Oil-and-Gas-Report-2026-1604>
Business Monitor International - Industry Reports. (2016). Tanzania Oil and Gas Report Aug 30, 2016. New York, NY: Alacra Store. Retrieved Apr 23, 2018 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Tanzania-Oil-and-Gas-Report-2026-1604>
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