More gas seen on Tanzania’s Ruvu Basin

28 February 2016, Dar Es Salaam –  Tanzania has made yet another discovery of natural gas reserves totalling 2.17 trillion cubic feet (tcf) along Ruvu Basin in Coast Region.

Gas worker at a flow control pump.

Gas worker at a flow control pump.

The discovery has been made at a block operated by Dodsal Hydrocarbons and Power Tanzania Limited owned and chaired by UAE-based billionaire, Dr Rejan Kilachand.

It brings the sum of proven natural gas reserves to 57.27 tcf in both offshore and onshore wells. Officials of the company estimate that the reserve is worth 6 billion US dollars (about 12 trillion/-).

Dodsal Chief Executive Officer (CEO) Mr P.K Surendran made the announcement during a meeting bringing together investors in the gas and oil industry, which was convened by the Minister for Energy and Minerals, Professor Sospeter Muhongo.

Prof Muhongo confirmed the discovery, which he said was made in July last year, but was quick to add that the government delayed to make the announcement due to new requirements of the Petroleum Act 2015.

  • Tanzania Daily News
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