Gas Blocks - Oilbi

Overview

Oilbi holds 100% exploration and operation rights for offshore Blocks 2R and 3R in southeastern Tanzania. These exclusive rights will be further secured by the imminent signing of the Production Sharing Agreement(PSA).

Block Status

A. Block 3R(Papa Field)

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Proven Reserves(P1) : Approximately 3.5 Tcf(trillion cubic feet) of natural gas

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LNG Output Potential : Equivalent to about 70 million tons of LNG ensuring production for 26-27 years at 2.5 million tons per year.

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Probable Reserves(P2) : Approximately 18.2 Tcf of natural gas

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B. Block 2R

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Probable Reserves(P2) : Approximately 17.8 Tcf of natural gas.

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Geological Excellence

Offshore gas fields of Tanzania has shown a relatively high success rate in exploration and drilling due to its promising geological characteristics.

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Detailed Information on Blocks

Detailed information of Block 2R and 3R exploration and drilling analysis reports are archived in Schlumberger, the global energy service company.