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AfrOil PROJECTS & COMPANIES AfrOil

Equinor’s Block 2 will provide gas for the Tanzania LNG project (Image: Equinor

In the face of such large numbers, however, compact,” he said. “Personally, I am over-
another Upstream source counselled caution. whelmed but proud of one of the best countries
Since TotalEnergies’ probe is “still in a critical in the world that gives you the best comfort level
zone,” the source said, to do business. We have known it all along. The
It may be too early to draw conclusions on the science has always been on our side, and a dis-
basis of early indications. Even so, Upstream’s covery was always a function of time, resources
report has stirred excitement. Olayinka Arow- and opportunity.”
olo, CEO of the Namibian upstream operator Venus-1x lies within a licence area that is also
Nabirm, told New Era on February 18 that the known as Block 2913B. Seismic data indicate
news would attract new interest in Namibia. that the block may be home to a reservoir that
“This is an amazing reality for the Namibian covers an area of around 600 square km. ™

Shell executive notes “progress”

on LNG initiative in Tanzania

TANZANIA SHELL (UK) has made solid progress with Tan- coronavirus (COVID-19) pandemic.
zania’s government towards advancing an LNG “Last year showed just how crucial gas and
project that will tap the country’s huge natural LNG are in providing communities around
gas resources, a Shell executive said on February the world with energy they need as they strived
18, according to a Reuters. to get back on track following the difficulties
“We have seen some real quick progress over caused by the COVID-19 pandemic,” Sawan
the last year compared to what had been much said in a February 21 press release.
slower progress before,” Shell’s head of integrated “As countries develop lower-carbon energy
gas and renewables, Wael Sawan, was quoted as systems and pursue net-zero emissions goals,
saying. “We continue to be hopeful that we can focusing on cleaner forms of gas and decar-
take this project all the way through to FID [final bonisation measures will help LNG to remain
investment decision].” a reliable and flexible energy source for decades
Sawan told reporters that some fiscal dis- to come,” he said. ™
putes “have now been resolved,” paving the way
for the development of Tanzania’s offshore gas
resources after years of delays in government
licensing agreements.
Shell operates Block 1 and Block 4 off Tan-
zania, which hold 16 trillion cubic feet (453bn
cubic metres) in estimated recoverable gas. It
aims to develop an LNG project together with
Norway’s Equinor, which also operates Block 2,
which holds more than 20 tcf (566 bcm) of gas
and in which ExxonMobil also has a stake.
According to Shell’s latest annual LNG Out-
look, the global trade in LNG increased 6% to
380mn tonnes during 2021 as many countries
rebounded from the economic impact of the Equinor’s Block 2 will provide gas for the Tanzania LNG project (Image: Equinor

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