deep water drilling off tanzania, page-2

Still awaiting official confirmation of approval for the expansion of the Songas Plant but in the meantime other explorers are ramping up their activity off-shore Tanzania.


Since the CPR was initiated, drilling in deepwater East Africa has proven some elements of the Alpha play concept. In particular, both the pre-tertiary (i.e. Cretaceous) and the oil potential of the East African Margin as a whole have been de-risked. The current drilling in the area will be watched closely by Dominion and factored into its analysis of Block 7 as, and when, more information becomes available.

Andrew Cochran, CEO of Dominion, commented, "Deepwater East Africa is seeing greatly increased attention and activity from the oil & gas sector and Block 7 is squarely in the middle of that focus. The CPR on Alpha independently confirms Block 7's highly prospective geology and we are very excited about progressing our work on all prospects and leads so far identified in the block."


http://www.rigzone.com/news/article.asp?a_id=99002