ZANZIBAR Petroleum Regulatory Authority (ZPRA) has pegged at eight years, the minimum period to start commercial exploration and production of oil and natural gas in the Isles.
Speaking to Senior Government Officials
in South and North Pemba regions, ZPRA Deputy Director General, Engineer
Ali Bakar said the survey of oil and natural gas was going through
various stages, pleading for patience.
He said there are six steps before
commencing the formal drilling and sales of oil but Zanzibar is still on
the first of the costly steps.
“The cost of getting data of oil is too
high ... the work of gathering the information you need costs about 20
million US dollars,” said Engineer Ali, emphasising that the business of
oil and natural gas extraction requires large capital.
He said the cost of drilling a well at
sea during the survey costs 150 million US dollars (over 300bn/-) and
therefore the undertaking requires huge investments.
“You may dish out such large amount of
money and yet find out that the available deposits are not commercially
viable,” said the deputy DG. Commenting on the survey of oil in
Zanzibar-Pemba block, ZPRA Director General Omar Zubeir said the work
will start soon using special ship and vehicles.
“Under this phase, experts will use
special technology to find the sedimentary rocks, this will take place
after the initial surveys, using special plane to identify the
sedimentary rocks, are complete,” said DG Omar.
He hinted that rocks with oil reserves
are within the distance of between three and four kilometres below the
earth, adding that there is the distance of up to six kilometres before
reaching the sedimentary rocks with thermal storage.
Speaking at the meeting, Regional
Commissioner of North Pemba, Omar Khamis Othman said the region will
offer all the required cooperation for successful survey work.
Regional Commissioner of South Pemba
Mwanajuma Majid Abdalla said that there was need for people to be well
informed about the entire work of exploration and extraction of oil and
natural gas, saying many people have many and sometimes unrealistic
expectations.
Airborne Gradiometer Full Tensor Gravity
Survey (FTG) was completed last month, with FTG conducted by Bell
Geospace Enterprises Company Limited of the UK.
The Second Vice-President, Ambassador
Seif Ali Iddi, launched the survey in March, this year, with Bell
Geospace Enterprises Limited conducting the survey on behalf of GAS RAK
Ras Khaimah, from the United Arab Emirates.
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