Tanzania’s government will auction 26 petroleum exploration blocks via PURA to enhance investment in the oil and gas sector. Most blocks are offshore, with three in Lake Tanganyika. PURA aims to promote these opportunities through the recent EAPCE’25 event, emphasizing the strategic locations for resource discovery.
The Government of Tanzania is set to auction 26 petroleum exploration blocks through the Petroleum Upstream Regulatory Authority (PURA) to boost investment in the nation’s oil and gas sector. Charles Sangweni, the Director General of PURA, made this announcement at the 11th East African Petroleum Conference and Exhibition (EAPCE’25) in Dar es Salaam.
Among the 26 exploration blocks, 23 are situated in the deep offshore of the Indian Ocean, while three are located in Lake Tanganyika. Sangweni highlighted the strategic positioning of these blocks, noting that significant natural gas reserves have been located offshore. Additionally, Lake Tanganyika lies within the East African Rift System (EARS), an area where neighboring countries, such as Kenya and Uganda, have successfully discovered oil in similar geological conditions.
PURA utilized the EAPCE’25 as an opportunity to promote its forthcoming licensing round and attract investment in these petroleum exploration blocks, reinforcing its commitment to fostering growth in the sector. This effort is crucial in maximizing Tanzania’s resource potential and enhancing its position in the global energy market.
The Tanzanian government aims to attract international investment by auctioning 26 petroleum exploration blocks, primarily located in the lucrative deep offshore regions and Lake Tanganyika. The strategic locations of these blocks are noted for their geological similarities to successful oil discoveries in neighboring countries. PURA’s promotional efforts at EAPCE’25 underscore the country’s commitment to expanding its oil and gas industry and maximizing its natural resources.
Original Source: oilreviewafrica.com
