Petroleum Africa
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Monday, September 30, 2013
India’s ONGC Videsh Ltd. (OVL) is looking to pick up some acreage in Tanzania. OVL could bid for one of the eight blocks the East African country is putting up for auction next month in its 4th Licensing round.
The Indian firm’s interest in the round was expressed during a discussion between Dr. D Purandeswari, Minister of State for Commerce and Industry for India and Dr. Abdallah O Kigoda, Minister of Industry and Trade for Tanzania, during the 3rd meeting of the Tanzania-India Joint Trade Committee (JTC) held in Dar es Salaam.
Just recently TPDC announced that it would be hosting its 4th Licensing round, offering up seven offshore blocks and one onshore block. The licensing round launches officially on October 25 at the 2nd Tanzania Oil & Gas Conference and Exhibition.
The round will close on May 15, 2014. The round includes the deep offshore sedimentary basins comprising of seven blocks (averaging 3,000 sq km: Block 4/2A, Block 4/3A, Block 4/3B, Blk4/4A, Block 4/4B, Block 4/5A, Block 4/5B) and is located between 2,000 meters to 3,000 meters of water depths. The blocks have excellent coverage of modern regional 2D seismic data available from ION Geophysical and WesternGeco.
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