Petroleum Africa
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Monday, July 15, 2013
Tanzania is looking to take a bigger slice of the production pie if commercial reserves are discovered on the northern side of Lake Tanganyika. It is looking for more than 30% in production shares on any exploitable gas in the region.
In an effort to stave off more criticism by the public, the government has reportedly backed out of an agreement with Total for the Lake Tanganyika North block because it wanted a higher take in any production that arises from exploration efforts. Total won the block in 2011 through an open tender process launched by TPDC.
The Guardian revealed that the government, through the Ministry of Energy and Minerals, rejected the proposed deal during the final discussions with Total. Ministerial sources told the paper that the discussions were heated with representatives from the government maintaining that they could not accept a low stake in PSA.
“It was hot. The government team stood by its arguments while the Total team was not ready to lower its stake,” noted a senior government official.
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