Oilbi holds 100% exploration and operation rights for offshore Blocks 2R and 3R in southeastern Tanzania. These exclusive rights will be further secured by the imminent signing of the Production Sharing Agreement(PSA).
• Proven Reserves(P1) :
Approximately 3.5 Tcf(trillion cubic feet) of natural gas
• LNG Output Potential
Equivalent to about 70 million tons of LNG ensuring production for 26-27 years at 2.5 million tons per year.
• Probable Reserves(P2) :
Approximately 18.2 Tcf of natural gas
• Probable Reserves(P2) :
Approximately 17.8 Tcf of natural gas.
Offshore gas fields of Tanzania has shown a relatively high success rate in exploration and drilling due to its promising geological characteristics.
Analysis of Oilbi gas block reservoir and key features
Tanzania's offshore gas fields are located thick sedimentary basins that were shaped by a series of tectonic events, including the breakup of Gondawana and the development of the East Africa Rift.
Detailed information of Block 2R and 3R exploration and drilling analysis reports are archived in Schlumberger, the global energy service company.