Chevron Corporation has expressed interest in investing in Tanzania through oil and natural gas exploration, signaling growing confidence in the country’s improving investment climate and energy sector reforms.

The announcement was made today, May 12, 2026, in London during a meeting between Chevron Corporation and the Petroleum Upstream Regulatory Authority (PURA) on the sidelines of the Africa Energies Summit 2026.

During the session, Chevron Corporation Vice President for exploration, Mr. Kelvin McLachlan, said the company is continuing to explore new strategic investment opportunities in Africa, with Tanzania identified as a key destination due to its political stability, investor-friendly environment, and substantial natural gas resources.

He noted that Chevron Corporation has extensive experience in oil and natural gas exploration and production across several African countries, including Nigeria, Angola, and Equatorial Guinea, and is now seeking to expand its investments in the East African region.

For his part, Petroleum Upstream Regulatory Authority (PURA) Director General, Engineer Charles Sangweni, said Tanzania has continued to strengthen a stable and attractive investment climate in the energy sector, particularly in oil and natural gas, through robust legal, policy, and regulatory frameworks designed to safeguard both investor and national interests.

Engineer Charles Sangweni added that Tanzania offers significant investment opportunities in both onshore and offshore oil and natural gas exploration blocks, as the Government continues to strengthen sector management to boost competitiveness and attract international investors.

He further stated that preparations are underway for another licensing round for oil exploration blocks in Tanzania, alongside efforts to expand petroleum data availability through geological and geophysical surveys, initiatives expected to enhance the prospects of discovering additional oil and natural gas resources in the country.

He emphasized that existing natural gas transportation and processing infrastructure, Tanzania’s strategic geographical position, political stability, and favorable investment climate make the country an attractive destination for major investors such as Chevron Corporation.

He further added that Tanzania is continuing to unlock new investment opportunities through major strategic initiatives, including the LNG project, which is expected to strengthen the energy sector and position the country as a key natural gas trading hub in East Africa and globally.

At the meeting, both Chevron and PURA stressed the importance of ongoing dialogue and cooperation to promote investment, technological advancement, and sustainable growth in oil and natural gas exploration in Tanzania.