Petroleum Africa

Petrobras Farms Down Tanzania Stake

Brazil’s state-run firm Petrobras reported that its subsidiary in Tanzania, Petrobras Tanzania Ltd., has farmed down its stake in Tanzania’s Block 6. The company signed a farm-out agreement for the sale of a 12% working interest in the block to Statoil Tanzania AS. Block 6 covers 5,549 sq km in the Mafia Basin offshore Tanzania, with a water depth of 1,800 meters. The consortium of this block currently has Petrobras as the operator, holding a 50% stake, and Shell Deepwater Tanzania B.V., with the remaining 50%. After the farm-out completion, Petrobras will remain as the operator with 38%, Statoil will hold 12%, while ...

Continue

Technology

Achieving Better Liquid Measurement Accuracy Using a Slightly Different Perspective

Custody Transfer Measurement in the oil and gas business has been described many ways. It has been called “accuracy in measurement” that both the buyers and sellers can agree upon, or “The best that can be achieved to meet the contract conditions.” But I like to call it “The Search for the Truth.” Ever since petroleum has [...]

Continue

More Technology

Web Exclusives

ENERGY POLICY: Trial and Error

Navigating the area of renewable energy legislation is tricky, forcing legislators to look to the past to gain a better insight to the appropriate measures to catapult the industry. As the renewable energy sector continues to grow, the need for functioning regulatory provisions becomes more prevalent. Maybe the best way to look toward the future of [...]

Continue