Mu-Israeli
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- Mar 21, 2012
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Lots of oil in Lake Tanganyika: survey |
Wednesday, 29 August 2012 22:41 |
The Citizen Reporter & Agencies Dar es Salaam. An Australian company exploring for oil and gas on the Tanzanian side of Lake Tanganyika could start locating potential sites for drilling huge oil reserves in about six months time. Beach Energy says the lake has the potential for large discoveries and there are clear signs of a working petroleum system on the Congolese side. The ministry of Energy and Minerals told The Citizen that it was aware of the initial results of the exploration in Lake Tanganyika. The company has an exploration licence for the southern half of Tanzanias share of Lake Tanganyika. A seismic survey that started in June is nearly complete. Beach Energys spokesman Chris Jamieson says they are very excited by their findings. The quality of the data we are getting is excellent, he said. What we are seeing is some interesting structures that might contain oil and gas. Our geophysicists are looking at it and going Wow, that looks fantastic and its everything we were hoping for. The exploration block has the potential to contain 200 million barrels of oil, according to the firm. But Jamieson cautions that finding and pumping that oil, at depths of up to one and a half kilometres, will take much longer than in Lake Albert to the north, where production is due to start in 2014. |
Source: (the Citizen Newspaper) http://www.thecitizen.co.tz/component/content/article/37-tanzania-top-news-story/25334-lots-of-oil-in-lake-tanganyika-survey.html