Get the inside scoop on jobs, salaries, top office locations, and CEO insights. Get the inside scoop on jobs, salaries, top office locations, and CEO insights. This category only includes cookies that ensures basic functionalities and security features of the website. Chris Finlayson BG Group Chief Executive said “The successful Mzia-2 drill stem test follows completion of a multi-well appraisal programme earlier this year on the nearby Jodari field. The sale was completed on 15 February 2016. BG Group plc was a British multinational oil and gas company headquartered in Reading, United Kingdom. The withdrawal could be as a result of the minimal success in discoveries with only… Statoil and BG Group will build Tanzania’s first liquefied natural gas plant in Lindi and are due to meet with authorities about the project’s schedule and details in April, the country's energy minister Sospeter Muhongo said. According to our sources, Shell’s country manager in Tanzania, Axel Knospe, learned on Jan. 27 that the mines and energy ministry had given a green light to his firm’s acquisition of BG in Tanzania.Since Australia agreed to the transaction in November, Tanzania had been the last country to give a thumbs-up to the acquisition announced nearly a year ago. Tanzania has said that it would not only be gaining capital gain tax payment when BG Group transfers its shares to Shell, but it would also be assured of a market for its liquefied natural gas (LNG). The British company, BG Group has announced another gas discovery at the Mzia-1 well in Block 1 offshore Tanzania. British energy firm BG Group, has acquired a 60 per cent stake in Ophir Energy Ltd, a company licensed to explore and produce liquefied natural gas in Tanzania. British gas producer BG Group said on Thursday it had withdrawn from the development of a gas block offshore Tanzania after finding it was not worth exploring further there. The Mzia-3 appraisal well, drilled approximately six kilometres north of the original Mzia-1 discovery in 1780 metres of water, has been cored and logged. BG Group and its partners discovered natural gas at a well off Tanzania, adding reserves for a planned export plant in the East African country. BG Group has increased total recoverable resources for the Mzia discovery and across Blocks 1, 3 and 4 offshore southern Tanzania, marking the conclusion of a successful drilling and testing campaign.. But opting out of some of these cookies may affect your browsing experience. Home Tanzania Energy Ophir To Buy BG Group Stake in Tanzania Offshore Block 3 October 13, 2014. BG Group declined to discuss the transaction details and the amount payable to Tanzania. Communication BG Group: latest campaign raises Tanzania resources to 15 tcf édité le 16/12/2013 - Plus de news de " BG GROUP " - BG Group today announced an increase in total recoverable resources for the Mzia discovery and across Blocks 1, 3 and 4 offshore southern Tanzania, marking the conclusion of a successful drilling and testing campaign. The Kamba-1 well in Tanzania’s block 4 found 1.03 trillion cubic feet of gas, according to a statement from Ophir Energy, which holds a 20% interest in the block. The campaign confirmed Mzia as the second giant gas discovery, after Jodari, in BG Group’s acreage offshore Tanzania, with 4.7 trillion cubic feet (Tcf) of total gross recoverable resources. BG Group Chief Executive Chris Finlayson said. LONDON (Reuters) - British gas producer BG Group said on Thursday it had withdrawn from the development of a gas block offshore Tanzania after finding it was not worth exploring further there. The campaign confirmed Mzia as the second giant gas discovery, after Jodari, in BG Group’s acreage offshore Tanzania, with 4.7 trillion cubic feet (Tcf) of total gross recoverable resources. Prior to the takeover, BG Group was listed on the London Stock Exchange (BG.L) and was a constituent of the FTSE 100 Index. BG Group has operated in Tanzania since 2010 in offshore Blocks 1, 3 and 4 where it has a 60% interest, prior to Mzia-2, the Group’s acreage offshore Tanzania had produced 7 natural gas discoveries, 2 appraisal wells and a successful test on the Jodari field. BG Group further says its Tanzania subsidiary had already spent $1.5 billion, hence indicating a capital loss. Statoil, BG Group to build Tanzania’s first LNG plant. BG Group has operated in Tanzania since 2010 in offshore Blocks 1, 3 and 4 where it has a 60% interest, prior to Mzia-2, the Group’s acreage offshore Tanzania had produced 7 natural gas discoveries, 2 appraisal wells and a successful test on the Jodari field. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Statoil, BG Group to build Tanzania’s first LNG plant. In May 2010, BG Group received consent from the government of the United […] Further north, detailed technical analysis of the Block 4 discoveries Chewa, Ngisi and Pweza, which were also appraised and tested in the campaign, was positive with total gross recoverable resources in the block now estimated around 5 tcf. BG Group today announced it had completed another successful drill stem test in Block 1 offshore Tanzania, with initial results from the Mzia-2 well showing better than expected properties in the deeper Cretaceous reservoir. Ophir Energy has applied to the government of Tanzania to take over 60% interest and operatorship of the Block 3 license from BG Group, bringing its total stake in the block to 80%. BG Group has increased total recoverable resources for the Mzia discovery and across Blocks 1, 3 and 4 offshore southern Tanzania, marking the conclusion of a successful drilling and testing campaign.. Home; Pipelines & Transportation; LNG; BG Group: Mzia DST supports potential hub development offshore Tanzania. The aim of our appraisal programme now is to optimise the future development plan and place the most economic gas into the proposed project first to extract the most value across the chain. British energy firm BG Group, has acquired a 60 per cent stake in Ophir Energy Ltd, a company licensed to explore and produce liquefied natural gas in Tanzania. [mappress] The government of Tanzania through the Tanzania Petroleum Development Corporation, in partnership with the BG Group (a division of Royal Dutch Shell), Equinor, Exxon Mobil, and Ophir Energy, plans to build an onshore liquefied natural gas export terminal at this location in Lindi. Stanbic Bank Donates to Ocean Road Cancer Institute in Dar es Salaam and Lemara Primary School in Arusha, Stanbic Bank Tanzania Donate TZS 10M to Support International Day of Women and Girls in Science, Stanbic Bank Tanzania Simplify Account Opening With Self-Registration, Stanbic Bank Named Tanzania’s Bank of The Year, Stanbic Bank Tanzania Launch Asset Protection Insurance. The Tanzanian government has given its agreement to the British - 29/05/2010 BG Group says it has found ‘excellent’ results after successfully testing its Pweza gas find off Tanzania. This website uses cookies to improve your experience while you navigate through the website. BG Group Block 1 Block 2 Block 4 LNG Mafia Deep basin Ministry of Energy and Minerals Noble Globe Trotter 2 Ophir Energy Pavilion Energy shell Tanzania Tanzania Petroleum Development Corporation TPDC Comment on Shell, JV Partners gear up to commence drilling programme in Tanzania Ophir Energy has applied to the government of Tanzania to take over 60% interest and operatorship of the Block 3 license from BG Group, bringing its total stake in the block to 80%. BG Group today announced an increase in total recoverable resources for the Mzia discovery and across Blocks 1, 3 and 4 offshore southern Tanzania, marking the conclusion of a … We also use third-party cookies that help us analyze and understand how you use this website. BG Group (60%) today announced that the Pweza-1 exploration well, located in Block 4 approximately 85 kilometres offshore southern Tanzania and in a water depth of 1 400 metres, has demonstrated the presence of a working hydrocarbon system after encountering gas-bearing sands. Adapted from Daily News Tanzania is set to collect millions of dollars in capital gains tax following Shell's acquisition of BG Group, barely two years after banking $258 million in similar payments over the same gas resources. Story by Tanzania daily News The number of oil and gas experts in Tanzania is set to increase following an offer of 20 scholarships by British multinational BG Gas for higher education students at the prestigious Robert Gordon University (RGU) in Aberdeen, Scotland. ALL RIGHTS RESERVED. The campaign confirmed Mzia as the second giant gas discovery, after Jodari, in BG Group’s acreage offshore Tanzania, with 4.7 trillion cubic feet (tcf) of total gross recoverable resources. Total gross recoverable resources across BG Group’s Blocks 1, 3 & 4 are now estimated to be around 15 tcf, with further exploration upside. BG Group opens 2016 Post-Graduate Scholarships for Tanzania. The government of Tanzania through the Tanzania Petroleum Development Corporation, in partnership with the BG Group (a division of Royal Dutch Shell), Equinor, Exxon Mobil, and Ophir Energy, plans to build an onshore liquefied natural gas export terminal at this location in Lindi. Tanzania Banking Sector Report – 2021 Update, Tanzania Proposed 3rd Five Year Development Plan 2021/22-2025/26 – All You Need to Know, Tanzania Economy to Grow by 6% in 2021, Central Bank Say, Tanzania and Uganda Sign Oil Pipeline Agreement, Tanzania Annual Inflation Decrease to 3.2% in March 2021, Food Up by 4.3%. BG Group says it is unable to pay the tax because it had allocated $850 million of the total acquisition price to the Tanzania unit. Home Tanzania Energy Ophir To Buy BG Group Stake in Tanzania Offshore Block 3 October 13, 2014. © British Business Group Tanzania | Site last updated 13th February, 2017 | Privacy Policy | Terms & ConditionsPrivacy Policy | Terms & Conditions BG Group: latest campaign raises Tanzania resources to 15 tcf édité le 16/12/2013 - Plus de news de " BG GROUP " - BG Group today announced an increase in total recoverable resources for the Mzia discovery and across Blocks 1, 3 and 4 offshore southern Tanzania, marking the conclusion of a successful drilling and testing campaign. By MIKAEL HOLTER Bloomberg. Uncover why BG Group is the best company for you. Statoil and BG Group will build Tanzania’s first liquefied natural gas plant in Lindi and are due to meet with authorities about the project’s schedule and details in April, the country's energy minister Sospeter Muhongo said. The Kamba-1 well in Tanzania’s block 4 found 1.03 trillion cubic feet of gas, according to a statement from Ophir Energy, which holds a 20% interest in the block. BG Group further says its Tanzania subsidiary had already spent $1.5 billion, hence indicating a capital loss. BG owned 16 wells for blocks 1, 2 and 3, which contain an estimated one-third of Tanzania’s gas reserves. These cookies do not store any personal information. Advertisement This means an extensive exploration and appraisal campaign of 14 wells started in 2010 offshore Tanzania has had a 100% success rate with nine consecutive discoveries and five appraisal wells, three of which included drill stem tests showing high flow rates. Press Release, December 10, 2013. Koedood Marine Group is a dynamic and […], Equinor slashes Tanzania LNG value by $982 million, Neptune amends volume estimate for Dugong discovery, Energean sanctions gas project offshore Israel, Wind Energy Webinar: Power-up wind farm safety and efficiency (powered by Brady EMEA), 36th International Scientific & Expert Meeting of Gas Professionals, BG Group Ups Tanzania Gas Reserves Estimates, Further north, detailed technical analysis of the Block 4 discoveries Chewa, Ngisi and Pweza, which were also appraised and tested in the campaign, was positive with total gross recoverable resources in the block now estimated around 5, This means an extensive exploration and appraisal campaign of 14 wells started in 2010 offshore Tanzania has had a 100% success rate with nine consecutive discoveries and five appraisal wells, three of which included. These cookies will be stored in your browser only with your consent. Since its approval by the Government of Tanzania, oil and gas giant BG Group has made significant gas discoveries in Tanzania and on May 01, 2013 the group announced it had completed yet another successful drill stem test in Block 1 offshore Tanzania. LONDON (Bloomberg) -- BG Group and its partners discovered natural gas at a well off Tanzania, adding reserves for a planned export plant in the East African country. Find out what works well at BG Group from the people who know best. A BG spokeswoman said in an email that "drilling activities are expected to commence shortly," adding that exact timing was still uncertain. The initial results from the 4km Mzia-2 revealed properties that exceeded the expectations for the deeper Cretaceous Reservoir, flowing at a maximum rate of 57 million standard cubic feet of natural gas per day. In addition, the gas-down-to level proven in Mzia-3 is around 100 metres deeper than that of Mzia-2. As a premium subscriber you get unique insights within the offshore energy industry. The aim of our appraisal programme now is to optimise the future development plan and place the most economic gas into the proposed project first to extract the most value across the chain.”, “Onshore, BG Group and its partner Ophir Energy, together with the partners in Block 2, Statoil and ExxonMobil, are continuing to make good progress in the assessment of a multi-train LNG project. “While we continue exploration and appraisal offshore, BG Group and others are jointly studying suitable sites for a potential onshore LNG terminal and anticipate providing proposed locations to the Tanzania Government in the next few months” Finlayson added. Results from the current campaign demonstrate the excellent quality of our interests offshore Tanzania where our resources and those of other participants in the region are helping support plans for a multi-train LNG export project.”. Join the platform! In Tanzania BG Group is the operator of two offshore blocks and has discovered around 16 tcf of total gross resource in 9 discovery wells including: (Block 1) Chaza, Jodari, Jodari North, Mkizi, Mzia, Taachui and in Chewa, Ngisi ,Pweza wells in Block 4. The vessel will then return to BG Group for one exploration well in Kenya next year before going back to Tanzania for further exploration and appraisal activities in Block 1, including a drill-stem test on Mzia-3 later in 2014. BG Group Plc and its partners discovered natural gas at a well off Tanzania, adding reserves for a planned export plant in the East African country. “I thank BG for this initiative, which would go a long way in ensuring that we have adequate number of experts in the oil and gas sector in Tanzania,” he noted. A BG spokeswoman said in an email that "drilling activities are expected to commence shortly," adding that exact timing was still uncertain. We'll assume you're ok with this, but you can opt-out if you wish. On Monday, Shell officially acquired BG Group and its assets in a $55 billion deal, touted as the… In the 2015 Forbes Global 2000, BG Group was ranked as the 583rd largest public c… BG Group plc has announced that results from a recently completed second drill-stem test (DST) on the Mzia discovery in Block 1, offshore southern Tanzania, provided further support for a hub development to supply a potential onshore LNG project. After founding the company in 1961 by their father, Arie and Bert Koedood extended the family business into an established player when it comes to Mitsubishi shipping, offshore, and industrial engines. The discovery was made with Ophir Energy, which holds a 40% stake in the exploration block, whilst BG holds the remainder. British gas producer BG Group (LSE: BG.L - news) said on Thursday it had withdrawn from the development of a gas block offshore Tanzania after finding it was not worth exploring further there. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website. BG Group opens 2016 Post-Graduate Scholarships for Tanzania. Tanzania's first deepwater drilling operation is set to start shortly, a spokeswoman for BG Group said Thursday, as the industry focuses on African waters after a U.S. moratorium on such drilling. The Kamba-1 well in Tanzania’s block 4 found 1.03 Tcf of gas, according to a statement from Ophir Energy Plc, which holds a … By MIKAEL HOLTER Bloomberg. Mr Kikwete, who also witnessed hands-on training deep sea oil drilling simulator facility for RBU students, was optimistic that in three to 10 years Tanzania would boast of a sizeable number of experts. On 8 April 2015, Royal Dutch Shell announced that it had reached an agreement to acquire BG Group for $70 billion, subject to regulatory and shareholder agreement. BG Group Chief Executive Chris Finlayson said: “We have sufficient resources for a two-train LNG project in Tanzania. BG Group has announced that it has informed the Tanzanian government of its intended withdrawal from its 60% equity interest in Block 3 with the company already having written off a $74 million exploration charge in its latest financial results. LONDON (Reuters) - British gas producer BG Group said on Thursday it had withdrawn from the development of a gas block offshore Tanzania after finding it was not worth exploring further there. BG Group says it has found ‘excellent’ results after successfully testing its Pweza gas find off Tanzania. BG TANZANIA LIMITED | 281 followers on LinkedIn. BG Group as operator has a 60% interest in Blocks 1, 3 and 4 offshore Tanzania, with Ophir Energy holding 40%. © 2021 COPYRIGHT TANZANIAINVEST. BG TANZANIA LIMITED is an Oil and Energy company located in Reading, England, United Kingdom. BG Group has transferred the Deepsea Metro-1 drill ship to Ophir Energy for a one-well campaign. We look forward to the Tanzanian government’s announcement of a decision on the location of an onshore site for an export facility.”. According to our sources, Shell’s country manager in Tanzania, Axel Knospe, learned on Jan. 27 that the mines and energy ministry had given a green light to his firm’s acquisition of BG in Tanzania.Since Australia agreed to the transaction in November, Tanzania had been the last country to give a thumbs-up to the acquisition announced nearly a year ago. Uncover why BG Group is the best company for you. Advertisement Necessary cookies are absolutely essential for the website to function properly. Find out what works well at BG Group from the people who know best. LONDON (Reuters) - British gas producer BG Group said on Thursday it had withdrawn from the development of a gas block offshore Tanzania after finding it was not worth exploring further there. BG Group CEO Chris Finlayson commented: "We have sufficient resources for a two-train LNG project in Tanzania. You also have the option to opt-out of these cookies. BG Group and its partners discovered natural gas at a well off Tanzania, adding reserves for a planned export plant in the East African country. Adapted from Daily News Tanzania is set to collect millions of dollars in capital gains tax following Shell's acquisition of BG Group, barely two years after banking $258 million in similar payments over the same gas resources. Tanzania's first deepwater drilling operation is set to start shortly, a spokeswoman for BG Group said Thursday, as the industry focuses on African waters after a U.S. moratorium on such drilling. Compare pay for popular roles and read about the team’s work-life balance. Tanzania's first deepwater drilling operation is set to start shortly, a spokeswoman for BG Group said Thursday, as the industry focuses on African waters after a U.S. moratorium on such drilling. Story by Tanzania daily News The number of oil and gas experts in Tanzania is set to increase following an offer of 20 scholarships by British multinational BG Gas for higher education students at the prestigious Robert Gordon University (RGU) in Aberdeen, Scotland. Results confirm the reservoir sands are extensive and of similar quality to those found in the Mzia-1 and Mzia-2 wells. This was revealed during President Jakaya Kikwete's visit of RBU on Monday,… On Monday, Shell officially acquired BG Group and its assets in a $55 billion deal, touted as the… BG Group Tanzania, with its partner Ophir Energy, has invested over $1 billion in a fast-track exploration appraisal programme. BG Group today announced it had completed another successful drill stem test in Block 1 offshore Tanzania, with initial results from the Mzia-2 well showing better than expected properties in the deeper Cretaceous reservoir. The campaign confirmed Mzia as the second giant gas discovery, after Jodari, in BG Group’s acreage offshore Tanzania, with 4.7 trillion […] BG Group today announced an increase in total recoverable resources for the Mzia discovery and across Blocks 1, 3 and 4 offshore southern Tanzania, marking the conclusion of a successful drilling and testing campaign. Koedood Marine Group in Hendrik Ido Ambacht has been a leading and innovative company for many years. In Tanzania BG Group is the operator of two offshore blocks and has discovered around 16 tcf of total gross resource in 9 discovery wells including: (Block 1) Chaza, Jodari, Jodari North, Mkizi, Mzia, Taachui and in Chewa, Ngisi ,Pweza wells in Block 4. This was revealed during President Jakaya Kikwete's visit of RBU on Monday,… This website uses cookies to improve your experience. BG Group says it is unable to pay the tax because it had allocated $850 million of the total acquisition price to the Tanzania unit. LONDON (Reuters) - British gas producer BG Group said on Thursday it had withdrawn from the development of a gas block offshore Tanzania after finding it was not worth exploring further there. BG Group today announced an increase in total recoverable resources for the Mzia discovery and across Blocks 1, 3 and 4 offshore southern Tanzania, marking the conclusion of a … © British Business Group Tanzania | Site last updated 13th February, 2017 | Privacy Policy | Terms & ConditionsPrivacy Policy | Terms & Conditions Compare pay for popular roles and read about the team’s work-life balance. Drawing on 30 years of experience as part of a Central and East African group of companies, B&G pride ourselves on our core values of.