Brazil’s Petrobras signs agreement for oil exploration in Tanzania

2 January 2007

Dar-es-Salaam, Tanzania, 02 Jan – Brazilian state oil giant, Petrobras has signed and agreement with the Tanzanian government to begin oil exploration, within two years, in deep waters, Tanzanian newspaper, the East Africa reported Friday.

João Figueira, responsible for Petrobras’ international affairs, told the paper that Bloc 6, which covers an area of 11,099 square kilometers, was located off the Tanzanian coast in waters of a depth of between 500 and 3,500 meters.

Over the next 11 months, Petrobras is to carry out geological, geochemical and geophysical studies in order to, later and depending on their results, start some exploratory drilling.

Petrobras, which has operated in Tanzania since 2004 when it signed a deal with Tanzania Petroleum Development Corporation (TPDC), has 25 years to explore Bloc 6, and the contract is renewable for a further 20 years.

The first agreement signed with Tanzania was for Bloc 5, with an area of 9,250 square kilometers in waters of a depth of between 300 and 3,000 meters.

In Africa, the Brazilian oil company is involved in oil production or prospecting in Angola, Nigeria, Equatorial Guinea, Tanzania, Libya and Mozambique. (macauhub)