Maurel and Prom in Tanzania

=The Bigwa-Rufiji-Mafia exploration licence= Maurel and Prom entered Tanzania in July 2004 with the Bigwa-Rufiji-Mafia exploration licence, which it operates with a 60 percent interest, while PetroQuest and Hollick each hold 20 percent. The Bigwa region is a coastal region in the south of Dar es Salaam in a geological area known as the Bigwa Embayment. To-date, no financially viable gas reserves have been found in the area but more appraisal wells are being planned. =The Mnazi Bay developing licence= In December 2009, Maurel and Prom took over the operatorship of the Mnazi Bay Production Sharing Agreement from the Artumas Group & Partners (Gas) Limited. Maurel and Prom has a 48.06 percent production interest in the developing licence, while Wentworth Resources owns a 31.94 production stake. State-run Tanzania Petroleum Development Corporation (TPDC) retains the remaining 20 percent production interest in the licence. The concession area lies between Aminex’s Ruvuma concessions and BG Group’s offshore Block 1 concession. To-date, five wells were drilled and 667 Bcf of gas has been discovered. The first gas is expected to be delivered in early 2015. New exploration wells are planned. =The Mnazi Bay gas supply agreement= In September 2014, Maurel and Prom together with Wentworth Resources signed an agreement with the Tanzanian government to supply gas via the Mtwara-Dar es Salaam pipeline. Under the agreement, the two companies will deliver to the pipeline up to a maximum of 80 million cubic feet per day (mmcf/d) of natural gas during the first eight months, with an option to increase over time to a maximum 139 mmcf/d of gas for up to a 17-year supply period. The gas price is set at USD 3 per million metric British thermal unit (mmbtu). According to analysts, the agreement contractually binds Tanzania to purchase a fixed minimum quantity of natural gas even if it does not need it during the duration of the contract. The agreement aims to double the country’s power generation capacity to 3,000 megawatts by 2016.

=Corporate Social Responsibility= According to the Maurel and Prom’s official web-site, the company purchased equipment for a clinic in the Mkuranga area. Moreover, they drilled water wells and maintained roads in local communities.

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