PURA set to announce new oil, gas exploration opportunities

DAR ES SALAAM: THE Petroleum Upstream Regulatory Authority (PURA) is gearing up to announce new investment opportunities in oil and gas exploration blocks, with an initial focus on the coastal region.

This announcement comes amidst Tanzania’s commitment to transition towards clean energy sources.

PURA Director General, Engineer Charles Sangweni, revealed these plans during the 48th Dar es Salaam International Trade Fair (DITF).

Extensive research by PURA indicates that roughly 50 per cent of Tanzania’s landmass holds potential for oil reserves, with promising areas along the coast, central regions, and the highlands surrounding Mbeya.

“We are on the verge of collaborating with the Tanzania Petroleum Development Corporation (TPDC) to unveil new oil and gas exploration opportunities,” said Sangweni.

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However, Sangweni acknowledged the global push for clean energy alternatives and Tanzania’s ambitious target of achieving 80 per cent clean energy usage by 2034.

He reassured the public that certified clean-burning natural gas reserves exist in Songosongo and Mnazi Bay.

“PURA is committed to clean energy research while promoting responsible oil and gas exploration,” said Sangweni. “We are actively conducting research and promoting investment opportunities across the country.”

While the initial focus will be on the coastal region, PURA also mentioned plans to explore areas like Singida and Kyela in Mbeya.

According to him, the organization used the trade fair as a platform to educate the public about the upstream petroleum sector in Tanzania and the opportunities it presents.