Beach Energy Plans to Begin Data Acquisition on Tanzania Block
Stock Chart for Beach Energy Ltd (BPT)
Beach Energy Ltd. (BPT) plans to begin acquiring 1,800 kilometers (1,118 miles) of two-dimensional data in mid-April on its Lake Tanganyika South Block in Tanzania that it describes as an “underexplored area with high potential.”
“Natural oil seeps into Lake Tanganyika as with Lake Albert, indicating a working petroleum system,” according to a presentation shown by Marcus Mng’ong’o, an official at Beach Energy’s Tanzanian unit, at the Eastern Africa Oil, Gas & Energy Week today in Kenya’s capital, Nairobi.
Tullow Oil Plc is advancing together with Total SA and Cnooc Ltd. plans to develop fields in Uganda’s Lake Albert basin, where it expects to start pumping commercial volumes by 2016.
To contact the reporter on this story: Sarah McGregor in Nairobi at email@example.com.
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