The Tanzania Upstream Sector Activity Outlook 2021-2022 provides an insight into the expected activities in the upstream sector over the next 12 months based on company presentations, press releases, filings, emails as well as interviews. The current outlook details activities in the 11 active PSAs ranging from exploration, development and production licenses.
Unlike in the neighboring Kenya and Uganda the country continues to see ongoing activity largely driven by the Tanzania Petroleum Development Corporation (TPDC) on the exploration side in its fully operated licences as well other international oil companies both onshore and offshore. These activities are also fueled by the government’s target to add another extra 5 trillion cubic feet of natural gas by the end of the year to drive discovered reserves to over 62TCF.
On the development and production licenses there are a few ongoing activity onshore fueled by increasing demand for low carbon energy sources and the country weaning itself off over dependence on hydropower. The expansion of Kinyerezi power station is expected to increase gas for power generation as well as the expansion of rural electrification straining the current power sources.
The Tanzania Upstream Sector Activity Outlook 2021-2022 released today can be purchased from our shop at a discount until 15th February 2021. To purchase click HERE