LONDON (Reuters) - British gas producer BG Group said on Thursday it had withdrawn from the development of a gas block offshore Tanzania after finding it was not worth exploring further there. A BG spokeswoman said in an email that "drilling activities are expected to commence shortly," adding that exact timing was still uncertain. Advertisement BG Group has increased total recoverable resources for the Mzia discovery and across Blocks 1, 3 and 4 offshore southern Tanzania, marking the conclusion of a successful drilling and testing campaign.. This was revealed during President Jakaya Kikwete's visit of RBU on Monday,… BG Group opens 2016 Post-Graduate Scholarships for Tanzania. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. BG TANZANIA LIMITED | 281 followers on LinkedIn. This was revealed during President Jakaya Kikwete's visit of RBU on Monday,… LONDON (Reuters) - British gas producer BG Group said on Thursday it had withdrawn from the development of a gas block offshore Tanzania after finding it was not worth exploring further there. BG Group and its partners discovered natural gas at a well off Tanzania, adding reserves for a planned export plant in the East African country. The aim of our appraisal programme now is to optimise the future development plan and place the most economic gas into the proposed project first to extract the most value across the chain.”, “Onshore, BG Group and its partner Ophir Energy, together with the partners in Block 2, Statoil and ExxonMobil, are continuing to make good progress in the assessment of a multi-train LNG project. Uncover why BG Group is the best company for you. Home; Pipelines & Transportation; LNG; BG Group: Mzia DST supports potential hub development offshore Tanzania. BG Group says it is unable to pay the tax because it had allocated $850 million of the total acquisition price to the Tanzania unit. BG Group Chief Executive Chris Finlayson said. In Tanzania BG Group is the operator of two offshore blocks and has discovered around 16 tcf of total gross resource in 9 discovery wells including: (Block 1) Chaza, Jodari, Jodari North, Mkizi, Mzia, Taachui and in Chewa, Ngisi ,Pweza wells in Block 4. BG Group: latest campaign raises Tanzania resources to 15 tcf édité le 16/12/2013 - Plus de news de " BG GROUP " - BG Group today announced an increase in total recoverable resources for the Mzia discovery and across Blocks 1, 3 and 4 offshore southern Tanzania, marking the conclusion of a successful drilling and testing campaign. By MIKAEL HOLTER Bloomberg. Story by Tanzania daily News The number of oil and gas experts in Tanzania is set to increase following an offer of 20 scholarships by British multinational BG Gas for higher education students at the prestigious Robert Gordon University (RGU) in Aberdeen, Scotland. This category only includes cookies that ensures basic functionalities and security features of the website. BG Group opens 2016 Post-Graduate Scholarships for Tanzania. BG Group has operated in Tanzania since 2010 in offshore Blocks 1, 3 and 4 where it has a 60% interest, prior to Mzia-2, the Group’s acreage offshore Tanzania had produced 7 natural gas discoveries, 2 appraisal wells and a successful test on the Jodari field. In the 2015 Forbes Global 2000, BG Group was ranked as the 583rd largest public c… The Mzia-3 appraisal well, drilled approximately six kilometres north of the original Mzia-1 discovery in 1780 metres of water, has been cored and logged. Compare pay for popular roles and read about the team’s work-life balance. BG Group has announced that it has informed the Tanzanian government of its intended withdrawal from its 60% equity interest in Block 3 with the company already having written off a $74 million exploration charge in its latest financial results. Ophir Energy has applied to the government of Tanzania to take over 60% interest and operatorship of the Block 3 license from BG Group, bringing its total stake in the block to 80%. BG Group Tanzania, with its partner Ophir Energy, has invested over $1 billion in a fast-track exploration appraisal programme. Adapted from Daily News Tanzania is set to collect millions of dollars in capital gains tax following Shell's acquisition of BG Group, barely two years after banking $258 million in similar payments over the same gas resources. Tanzania has said that it would not only be gaining capital gain tax payment when BG Group transfers its shares to Shell, but it would also be assured of a market for its liquefied natural gas (LNG). British gas producer BG Group said on Thursday it had withdrawn from the development of a gas block offshore Tanzania after finding it was not worth exploring further there. On 8 April 2015, Royal Dutch Shell announced that it had reached an agreement to acquire BG Group for $70 billion, subject to regulatory and shareholder agreement. Necessary cookies are absolutely essential for the website to function properly. As a premium subscriber you get unique insights within the offshore energy industry. Total gross recoverable resources across BG Group’s Blocks 1, 3 & 4 are now estimated to be around 15 tcf, with further exploration upside. Compare pay for popular roles and read about the team’s work-life balance. The government of Tanzania through the Tanzania Petroleum Development Corporation, in partnership with the BG Group (a division of Royal Dutch Shell), Equinor, Exxon Mobil, and Ophir Energy, plans to build an onshore liquefied natural gas export terminal at this location in Lindi. Drawing on 30 years of experience as part of a Central and East African group of companies, B&G pride ourselves on our core values of. By MIKAEL HOLTER Bloomberg. The withdrawal could be as a result of the minimal success in discoveries with only… British energy firm BG Group, has acquired a 60 per cent stake in Ophir Energy Ltd, a company licensed to explore and produce liquefied natural gas in Tanzania. The campaign confirmed Mzia as the second giant gas discovery, after Jodari, in BG Group’s acreage offshore Tanzania, with 4.7 trillion cubic feet (Tcf) of total gross recoverable resources. Statoil, BG Group to build Tanzania’s first LNG plant. BG Group has increased total recoverable resources for the Mzia discovery and across Blocks 1, 3 and 4 offshore southern Tanzania, marking the conclusion of a successful drilling and testing campaign.. Tanzania's first deepwater drilling operation is set to start shortly, a spokeswoman for BG Group said Thursday, as the industry focuses on African waters after a U.S. moratorium on such drilling. The Kamba-1 well in Tanzania’s block 4 found 1.03 Tcf of gas, according to a statement from Ophir Energy Plc, which holds a … Press Release, December 10, 2013. © British Business Group Tanzania | Site last updated 13th February, 2017 | Privacy Policy | Terms & ConditionsPrivacy Policy | Terms & Conditions BG Group says it is unable to pay the tax because it had allocated $850 million of the total acquisition price to the Tanzania unit. BG Group has operated in Tanzania since 2010 in offshore Blocks 1, 3 and 4 where it has a 60% interest, prior to Mzia-2, the Group’s acreage offshore Tanzania had produced 7 natural gas discoveries, 2 appraisal wells and a successful test on the Jodari field. The Tanzanian government has given its agreement to the British - 29/05/2010 BG Group Block 1 Block 2 Block 4 LNG Mafia Deep basin Ministry of Energy and Minerals Noble Globe Trotter 2 Ophir Energy Pavilion Energy shell Tanzania Tanzania Petroleum Development Corporation TPDC Comment on Shell, JV Partners gear up to commence drilling programme in Tanzania BG Group (60%) today announced that the Pweza-1 exploration well, located in Block 4 approximately 85 kilometres offshore southern Tanzania and in a water depth of 1 400 metres, has demonstrated the presence of a working hydrocarbon system after encountering gas-bearing sands. A BG spokeswoman said in an email that "drilling activities are expected to commence shortly," adding that exact timing was still uncertain. BG Group today announced an increase in total recoverable resources for the Mzia discovery and across Blocks 1, 3 and 4 offshore southern Tanzania, marking the conclusion of a … BG Group Chief Executive Chris Finlayson said: “We have sufficient resources for a two-train LNG project in Tanzania. Mr Kikwete, who also witnessed hands-on training deep sea oil drilling simulator facility for RBU students, was optimistic that in three to 10 years Tanzania would boast of a sizeable number of experts. Find out what works well at BG Group from the people who know best. Story by Tanzania daily News The number of oil and gas experts in Tanzania is set to increase following an offer of 20 scholarships by British multinational BG Gas for higher education students at the prestigious Robert Gordon University (RGU) in Aberdeen, Scotland. Home Tanzania Energy Ophir To Buy BG Group Stake in Tanzania Offshore Block 3 October 13, 2014. The sale was completed on 15 February 2016. © British Business Group Tanzania | Site last updated 13th February, 2017 | Privacy Policy | Terms & ConditionsPrivacy Policy | Terms & Conditions British gas producer BG Group (LSE: BG.L - news) said on Thursday it had withdrawn from the development of a gas block offshore Tanzania after finding it was not worth exploring further there. BG Group further says its Tanzania subsidiary had already spent $1.5 billion, hence indicating a capital loss. The campaign confirmed Mzia as the second giant gas discovery, after Jodari, in BG Group’s acreage offshore Tanzania, with 4.7 trillion cubic feet (Tcf) of total gross recoverable resources. LONDON (Reuters) - British gas producer BG Group said on Thursday it had withdrawn from the development of a gas block offshore Tanzania after finding it was not worth exploring further there. BG Group: latest campaign raises Tanzania resources to 15 tcf édité le 16/12/2013 - Plus de news de " BG GROUP " - BG Group today announced an increase in total recoverable resources for the Mzia discovery and across Blocks 1, 3 and 4 offshore southern Tanzania, marking the conclusion of a successful drilling and testing campaign.
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