Tanzania’s Government, through PURA, will auction 26 petroleum exploration blocks, including 23 in the deep offshore and 3 in Lake Tanganyika, to boost investments in the oil and gas industry. The auction was promoted during the EAPCE’25 conference in Dar es Salaam, emphasizing the strategic geological locations of the blocks.
The Government of Tanzania is set to auction 26 petroleum exploration blocks, aiming to stimulate investment in its oil and gas sector. Charles Sangweni, the Director General of the Petroleum Upstream Regulatory Authority (PURA), announced these plans at the recent 11th East African Petroleum Conference and Exhibition (EAPCE’25) held in Dar es Salaam.
Of the 26 blocks, 23 are situated in the deep offshore region of the Indian Ocean, while three are located in Lake Tanganyika. Sangweni emphasized the strategic positioning of these blocks; the offshore area is notable for significant natural gas discoveries, whereas Lake Tanganyika lies within the East African Rift System (EARS), where neighboring countries Kenya and Uganda have also found oil in similar geological formations.
At EAPCE’25, PURA utilized the opportunity to promote the upcoming licensing round and investment possibilities in Tanzania’s petroleum exploration blocks, aligning with its mandate to encourage investment in the industry. This auction represents a significant step towards expanding Tanzania’s oil and gas exploration efforts.
The auction of 26 petroleum exploration blocks by Tanzania’s PURA signifies a proactive approach to attracting investment in the oil and gas sector. The strategic locations of these blocks, especially in the deep offshore and Lake Tanganyika, leverage recent natural gas and oil discoveries in neighboring regions. Overall, this initiative aims to enhance Tanzania’s presence in the energy market.
Original Source: oilreviewafrica.com
