Dubai's Dodsal Group discovers major gas find in Tanzania

29/03/2016

Dubai-based Dodsal Group has made a major natural gas discovery in Tanzania and plans to invest an additional $300 million in the country over the next 24 months to support exploration and production there.

The discovery in the Ruvu Basin near Dar es Salaam is estimated to contain over 2.7 trillion cubic feet (TCF) of natural gas deposits with a value of $8 billion to $11 billion at current market prices, Dodsal said.

The company has described the find as Tanzania's biggest onshore gas discovery, saying it would boost the nation's total estimated recoverable natural gas reserves to more than 57 TCF. Most of Tanzania's gas discoveries have so far been made in deep-sea offshore blocks.