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Posts Tagged ‘Ruvuma

Oil In Tanzania?

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Apparently, there are encouraging signs to suggest so:

Tullow Oil said Thursday that the Likonde-1 well, onshore Tanzania, has encountered thick sands with hydrocarbon shows. The well, which is now being plugged and abandoned, is the first of a two-well program within the prospective Ruvuma delta region. The encouraging results will be followed up with detailed technical work prior to selecting the next drilling location.

Written by serengetiadvisersblog

April 1, 2010 at 11:59

Posted in Economy

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