THE Dubai-based Dodsal Group plans to invest an additional 300 million US dollars (over 600bn/-) in the country over the next 24 months to support exploration and production.
Dodsal Group has made a major natural
gas discovery in Tanzania, in the Ruvu Basin near Dar es Salaam which is
estimated to contain over 2.7 trillion cu ft (TCF) of natural gas
deposits with a value of 8 billion US dollars to 11 billion US dollars
at current market prices, Dodsal said in a statement.
The company described the find as
Tanzania’s biggest onshore gas discovery, saying it would boost the
nation’s total estimated recoverable natural gas reserves to more than
57 TCF. Most of Tanzania’s gas discoveries have so far been made in
deep-sea offshore blocks.
In addition, a third Dodsal well at
Mbuyu in Tanzania has found a large gas column which is estimated to
contain up to 5.9 TCF of gas, the company said, adding that studies of
the deposit were underway.
Dr Rajen Kilachand, chairman and
president of the Dodsal Group, said: “The discovery of natural gas
reserves in Tanzania further strengthens our commitment to the nation to
be a partner in the country’s all-round socio-economic progress.”
“Tanzania has tremendous potential in
the hydrocarbon sector. When efficiently leveraged, this will bring
incremental economic growth by assuring timely and ready supply of clean
energy.
We are fully committed to supporting the
nation in this journey, underlined by the nine years of natural gas
exploration that we have been undertaking.
“As a socially responsible organisation,
our focus is to bring in added value across all aspects of our
operation and supporting Tanzania in stimulating the local economy,
creating new jobs for the Tanzanian youth and driving the growth of
small & medium enterprises by building a strong local supply chain.
The significant discovery of natural
gas, in close proximity to Dar es Salaam, will boost the economy and
strengthen its all-round competitiveness,” he added.
No comments :
Post a Comment