Dubai-based Dodsal Group strikes US$8bn dollar natural gas deposits in Tanzania
The Dodsal Group, a Dubai-based company corporation presently operating in countries in MENA and also East Africa region and India, has struck a large sweep of over 2.7 TCF natural gas deposits on their onshore concession in Tanzania for oil and gas expedition.
In July 2015, the Group had actually marked its very first gas discovery in the country of 2.17 TCF in the Mambakofi and Mtini area. However, based upon current update of researches, this estimation has now been increased to 2.7 TCF with a potential benefit of 3.8 TCF. Based upon the present market prices, the gas resources is valued at US$ 8 billion to a prospective benefit of US$ 11 billion.
In addition, Dodsal's 3rd well at Mbuyu has actually encountered a large gas column, in the western side of the block, which is approximated to consist of upto 5.9 TCF of gas. Studies are ongoing to develop the prospective gas sources.
Having actually protected oil and gas concessions from the government following a production sharing agreement in 2007, the Dodsal Group is presently undertaking studies for potential gas sources to be enhanced even more, which could catalyze Tanzania's location as a leader in the natural gas field in the East Africa area. The Group has currently invested US$ 200 million to date, as well as intends to spend one more US$ 300 million in Tanzania over the following 24 months to support its expedition and production activities, consisting of implementation of an Early Production System to bring Gas to the market.
The nation's biggest onshore gas discovery lies in the Ruvu Basin Coast Region, just 50km from the industrial capital city of Dar es Salaam, will contribute to enhanced reliability of clean energy resources in Tanzania, as well as drive overall social and also financial growth. With the new discovery, the country's complete approximated recoverable natural gas reserves total over 57 TCF.
Dr. Rajen A. Kilachand, Chairman and also President of the Dodsal Group, stated: "The discovery of natural gas reserves in Tanzania further enhances our dedication to the country to be a partner in the nation's all-round socio-economic progress. Tanzania has incredible capacity in the hydrocarbon sector. When effectively leveraged, this will certainly bring incremental economic development by guaranteeing timely as well as ready supply of clean energy. We are totally devoted to sustaining the country in this journey, underscored by the nine years of gas exploration that we have actually been undertaking.".
He added: "As a socially responsible organisation, our emphasis is to bring in added value across all aspects of our operation and also supporting Tanzania in stimulating the regional economic situation, creating new works for the Tanzanian youth and also driving the growth of little & medium enterprises by constructing a solid local supply chain. The considerable discovery of natural gas, in close proximity to Dar es Salaam, will certainly increase the economic climate and also strengthen its overall competitiveness.".
With over 10,000 employees, the multi-billion dollar business conglomerate has actually confirmed proficiencies in various other industries including trading and also distribution; and design, procurement & construction (EPC). As a leading EPC player in the energy, industrial and infrastructure sectors, The Dodsal Group has implemented projects in over 22 nations across the world.
