The Government of Tanzania plans to auction 26 petroleum exploration blocks, aiming to enhance investment in the oil and gas sector. The majority of the blocks are located offshore, with a few in Lake Tanganyika. The auction was promoted during the recent EAPCE’25 conference by PURA’s director general, Charles Sangweni.

The Government of Tanzania has announced plans to auction 26 petroleum exploration blocks through the Petroleum Upstream Regulatory Authority (PURA) in an effort to stimulate 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 blocks, 23 are situated in the deep offshore regions of the Indian Ocean, while three are located in Lake Tanganyika. Sangweni indicated that these blocks have been strategically demarcated; the deep offshore areas are known for significant natural gas discoveries, whereas Lake Tanganyika lies within the East African Rift System (EARS), a region where neighboring nations have successfully discovered oil deposits in similar geological settings.

PURA utilized the EAPCE’25 as an opportunity to promote the forthcoming licensing round and to solicit further investment in Tanzania’s petroleum exploration blocks, reinforcing its commitment to expanding the country’s oil and gas industry.

In summary, the Government of Tanzania, through PURA, is set to auction 26 exploration blocks to attract investors to its burgeoning oil and gas sector. With a majority of these blocks located in promising offshore areas and the strategic context of Lake Tanganyika, the initiative underscores Tanzania’s potential to enhance its natural resource capacity. PURA’s engagement at the EAPCE’25 highlights its dedication to promoting investment in this vital industry.

Original Source: oilreviewafrica.com