Tanzania`s southern coastline has `migrating` oil

[Geza Ulole]

27th April 10
Tanzania`s southern coastline has `migrating` oil

The Guardian Reporter

There is oil beneath the southern coastline of Tanzania, British oil exploration company Tullow has confirmed in London recently, adding that what has been found is “migrating” oil.
The company’s Vice President for African business Tim O’Hanlon told Bloomberg News on April 1 that Tullow plans to continue exploration in Tanzania after the Likonde-1 well (on the southern coast line) found hydrocarbons but had to be plugged because of high gas pressure.
“We will evaluate the data, which is positive,” O’Hanlon said. “It shows that there is oil migrating in that area. It’s not a dry hole.”
In the meantime, the London-based company has said it wants to join hands with other companies to expand its exploration activities in East African. The possible joint venture partners include a Chinese company.
Tullow Oil Plc, the UK explorer with the most licenses in Africa, may use a tie-up with China National Offshore Oil Corp. and Total SA in Uganda as a testing ground for future exploration on the continent.
Tullow plans to work with Cnooc and Total to develop oil fields in Uganda. At the same time, the London-based company may extend cooperation with Anadarko Petroleum Corp. in East Africa, O’Hanlon said.
“All the participants are really thoroughly excited” about Uganda, O’Hanlon said yesterday in an interview in Paris. “That combination, if it works well, you could easily imagine seeing it popping up elsewhere.”
The UK explorer and its partners may need to invest at least USD10bn in Uganda. O’Hanlon expects the Ugandan government to approve a joint venture, in which each of the partners will have a one-third stake, within weeks. The partnership follows Tullow’s decision to buy assets from Heritage Oil Plc for as much as USD1.5bn, derailing an earlier bid from Eni SpA.
Anadarko expects to make more finds off the coast of Africa as it explores in Mozambique and Kenya, Frank Patterson, vice president of international exploration, said in March.
“Anadarko is a great partner in West Africa,” O’Hanlon said, adding, “and what they are doing in East Africa is very courageous and we take our hat off, because people who take those type of risks deserve a bonanza.”
Besides Uganda, Tullow is also in Ivory Coast where it expects to drill more wells to search for oil. Anadarko and Tullow found water in the South Grand Lahou prospect in the nation’s CI-105 block last year.
“We are still at the early stages,” O’Hanlon said. “The Ivory Coast has a huge potential.”
http://www.ippmedia.com/frontend/functions/print_article.php?l=16048

 

[Geza Ulole]

it a good news if the god fathers at helm will put the interest of a nation first

 

[eliakeem]

Ni nzuri na ni habari njema kama maslahi ya tanzania yatatangulia ya binafsi.

 

[Tindikali]

Gezaulole na Eliakim,

Mnaongelea maslahi ya Taifa kuwekwa mbele, kuwekwa mbele na nani, na hao Wachina na Wa European au viongozi Watanzania wenzetu?

Mzungu na Mchina hawawezi kukuchimbia mafuta wakakupa faida. Na ndio maana Nyerere alifunga vyanzo hivi vyote vya rasilimali mpaka tutakapoweza kuwekeza wenyewe. Hilo haliwezekani hata kama Nyerere ndio angekuwa Ngereja.

Kwenye madini tumepiga kelele weee, wakasema wanakuja na sera na sheria mpya, mrahaba ukapanda kutoka asilimia tatu kwenda wa asilimia nne ya mapato, asilimia nne wajameni. Asilimia 4!

 

[m_kishuri]

Those who forget history are doomed to repeat it..

Tindikali, well said. Well said, Indeed. Mia kwa mia.

 

[m_kishuri]

Tanzania is sitting on top of a US$39 billion ‘pot of gold', Khadija Sharife writes in Pambazuka News, but unless the government can capture a more just proportion of royalties and taxes from the multi-nationals with concessions to mine the commodity, the country, one of the ten poorest in the world, is likely to get poorer still.

Soma zaidi kuhusu rasimali za Tanzania (MADINI) kabla ya kufikiria KASHESHE YA WESE:

http://www.pambazuka.org/en/category/features/59142

 

[Chimunguru]

More curse to come!

 

[Chapakazi]

Uwiiii! This will definitely bring more Ufisadi. Nani aliiomba hiyo kampuni kuja kupima huku? Bongo hatuna wataalamu wa chuo kikuu wa kupima?

 

[Geza Ulole]

you have a point Tindikali, it is pity that our leaders cant think out of the box

 

[Deshbhakt]

you have a point Tindikali, it is pity that our leaders cant think out of the box

As pointed out, Nyerere had knowledge of all our precious minerals but was apparently discourged/scared on the outcome of exploitations and its impact on the peace of our country.To the best of my memory, these companies have sought explorations rights only(?) and should than seek new contracts for extracting etc the oil.Based on the exisiting acts (also refered in the pambazuka article) the Govt should insist on a joint venture instead of 100% foreign ownership to enable them gauge the profits and losses of the whole process.Oil has its setbacks and Nigeria is a live example.

 

[eliakeem]

Gezaulole na Eliakim,

Mnaongelea maslahi ya Taifa kuwekwa mbele, kuwekwa mbele na nani, na hao Wachina na Wa European au viongozi Watanzania wenzetu?

Mzungu na Mchina hawawezi kukuchimbia mafuta wakakupa faida. Na ndio maana Nyerere alifunga vyanzo hivi vyote vya rasilimali mpaka tutakapoweza kuwekeza wenyewe. Hilo haliwezekani hata kama Nyerere ndio angekuwa Ngereja.

Kwenye madini tumepiga kelele weee, wakasema wanakuja na sera na sheria mpya, mrahaba ukapanda kutoka asilimia tatu kwenda wa asilimia nne ya mapato, asilimia nne wajameni. Asilimia 4!

Tindikali, unanipa machungu ndugu yangu, maana viongozi tulio nao utafikiri ni wachawi. Yaani hawana kabisa machungu na nchi. Unaona ile issue ya tics. eti hawawezi kuvunja mkataba ambao MRAMBA ALIINGIZA SERIKALI. KWA MANUFAA YAKE, HALAFU PIA SUALA LA ALEX STEWART NALO WANATUYEYUSHA TU.
MIMI BINAFSI SIKUONA TATIZO KUSHINDWA KUVUNJA MKATABA, TATIZO LANGU NI KWAMBA HUYU MRAMBA ALIYEINGIINZA SERIKALI KATIKA SHIDA KWA NINI ANAACHWA? KULE KUMPELEKA MAHAKAMANI NI KANYABOYA TU.

AKSANTE MKUU TINDIKALI KWA KUTUPA ANGALIZO. NADHANI WATOTO WA KWELI WA TANZANIA WATALIFUATILIA KWA MAKINI ZAIDI.