Tanzania

StatoilHydro is acting as the operator through a production-sharing agreement with the Tanzanian Government and the Tanzanian Petroleum Development Cooperation (TPDC) for deepwater Block 2 offshore Tanzania in the Indian Ocean.

The contract is a typical production sharing agreement where TPDC and the Government get revenues as a function of the production volumes.

TPDC has the right to take a 10% participating interest should commercial discoveries be made, but is carried through the exploration phase.

Block 2 lies in water depths from 400 to 3000 metres, and no wells have been drilled this far from the coast to date.

Country facts:

Official name:

United Republic of Tanzania

Area: 945,087 sq. km.
Population: 39,384,223 including Zanzibar (est. 2007)
Form of government: Republic
Capital: Dodoma
Language: Kiswahili/Swahili, English, Arabic
Religion: Christian 30%, Muslim 35%, other 35%
Currency: Shilling (TZS)
GDP per capita: 800 (2006 est.)
Industries: Agriculture, mining of diamonds, gold and iron ore, aluminium, textiles, oil refining, oil potential
Time difference from Norway: Summer, 1 hour ahead, winter 2 hours ahead

Source: U.S. Department of State, Wikipedia, www.timeanddate.com

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