Tanzania’s government is auctioning 26 petroleum exploration blocks through PURA to draw investment into the oil and gas sector. Of these, 23 blocks are in deep offshore regions of the Indian Ocean, while three are in Lake Tanganyika. The move aims to leverage existing natural gas discoveries and emerging oil potential, particularly given neighboring countries’ findings in similar geological settings.
The Government of Tanzania has announced the auction of 26 petroleum exploration blocks via the Petroleum Upstream Regulatory Authority (PURA). This initiative aims to attract additional investment into the oil and gas sector, as stated by PURA’s Director General, Charles Sangweni, during the 11th East African Petroleum Conference and Exhibition (EAPCE’25) in Dar es Salaam.
Out of the 26 blocks available, 23 are located in the deep offshore region of the Indian Ocean, while three blocks are situated in Lake Tanganyika. Sangweni emphasized the strategic significance of these locations, highlighting that the deep offshore has been the site of substantial natural gas discoveries. Furthermore, Lake Tanganyika is part of the East African Rift System (EARS), an area where neighboring countries like Kenya and Uganda found oil in similar geological frameworks.
PURA utilized the EAPCE’25 conference to enhance awareness of the forthcoming licensing round aimed at securing investments in these exploration blocks. Promoting this initiative is a key responsibility of PURA to foster growth in Tanzania’s petroleum exploration efforts.
Tanzania is actively seeking to boost its oil and gas sector through the auction of 26 petroleum exploration blocks. With a focus on strategically significant areas in both the Indian Ocean and Lake Tanganyika, the initiative aims to attract investment and capitalize on geological advantages. PURA continues to promote these opportunities to secure future growth in Tanzania’s energy resources.
Original Source: oilreviewafrica.com
