Petroleum Africa
Find us on: 
Thursday, June 20, 2013
Swala Energy has been invited into exclusive negotiations with Tanzania’s TPDC, for the award of a 32.5% interest in the Eyasi License. The license is located onshore northern Tanzania.
If negotiations prove successful Swala will be the operator of the license.
The company said that reviews of vintage gravity and magnetic data, together with surface geology investigations undertaken by Swala suggest that the Eyasi license area may contain four separate basins with potential sediment thicknesses of around 3,000 meters. Each of these basins has an area of approximately 2,000 sq km, and has the potential to provide the source materials for hydrocarbon generation.
Swala believes Eyasi to be a highly prospective area located on the southern extreme of the eastern branch of the East African Rift System (EARS). The western branch of the EARS has already proven to be a major oil province with around 2 billion barrels of discovered oil in Lake Albert in Uganda.
Dr. David Mestres Ridge, Swala’s CEO said “We are delighted to have been invited to undertake exclusive negotiations to secure the Eyasi license. Swala has been working diligently to obtain this highly sought-after license area. We regard this as proof that Swala’s technical and operational capabilities are seen as credible by both established companies and national regulators, and provides further validation of our early decision to expand in East and Central Africa.”
" alt="First LNG Realized at the Greater Tortue Ahmeyim Project">
" alt="United Energy Acquires Western Desert Producer APEX">
" alt="Baker Hughes Announces Major Gas Technology Orders for Venture Global LNG">
" alt="ReconAfrica: Naingopo Results Demonstrate a Working Petroleum System">
" alt="Tullow Highlights 2025 Operational Plans in Ghana">
" alt="TotalEnergies to Supply 1.5 TWh to STMicroelectronics in France Over 15 years">
" alt="Rockhopper Reaches Final Settlement with United on Egypt’s Abu Sennan Concession">
" alt="Oil & Gas Crucial for African Growth: AEC Calls for Industry Support to Defend African Market">
