Thanks ldlv, that was a good read. It looks companies won't just bid for every block. "Four offshore blocks, 4/3B, 4/4A, 4/4B and 4/5B, did not attract any bids, TPDC said." But good to see some new comers and big names.
DAR ES SALAAM, May 21 (Reuters) - Tanzania, a hotspot for natural gas exploration, has received five bids for just half of the eight oil and gas blocks it offered in its latest bidding round, its upstream regulator said on Wednesday.
Tanzania, which has made big discoveries of natural gas off its southern coast, had offered seven deep-sea offshore blocks and one block in Lake Tanganyika.
China's top offshore oil producer, CNOOC Ltd, and Russia's state-run Gazprom were among companies that submitted bids for the blocks on offer in the fourth round.
Statoil and ExxonMobil, which have made big gas discoveries off Tanzania, have submitted a joint bid for one of the offshore blocks.
"The evaluation process will start immediately and we will announce winners of the bids as soon as possible within the timeframe of the fourth licensing round," Yona Killagane, managing director of the state-run Tanzania Petroleum Development Corporation (TPDC), told Reuters.
Killagane did not say when the winners will be announced. The licensing round closed on May 15.
CNOOC, a newcomer in Tanzania's rapidly-expanding oil and gas industry, will battle with Statoil and ExxonMobil for offshore block 4/3A, which covers 2,620.3 square kilometres.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.