TPDC, IECs table next year’s plan for approval
The Tanzania Petroleum Development Corporation (TPDC) and its partners (International Energy Companies – IECs) have started presenting their work plans and budgets for the year 2024 to PURA for approval.
The presentation takes place in special meetings organized by PURA, meetings that offer the tripartite (PURA, TPDC, and IECs) a vital platform to discuss the implementation against the approved plan for the current year and proposed activities for the subsequent year.
Speaking at the opening of the first meeting held recently in Dar es Salaam, the chairperson of the work plan and budget committee Eng. Fabian Mwose from PURA said the meetings are crucial to both the Authority and companies since the parties get to dive deep into proposed activities and develop a common understanding among them.
“The meetings are fundamental in setting the basis for monitoring planned activities in the coming year. It is also an opportunity to assess this year’s performance and draw lessons through which TPDC and operators can deploy to enhance performance.” added Fabian.
This year’s meetings will see eight (8) companies seeking the Authority’s approval of their plans, a critical step before implementing any activities in the subsequent year.
The companies are Maurel et Prom Exploration Production T Ltd (the operator of Mnazi Bay Block), PanAfrican Energy Tanzania Ltd (the operator of Songo Songo Block), Equinor Tanzania AS (the operator of Block 2) and Shell Exploration and Production Tanzania Limited (the operator of Blocks 1 & 4).
Others are ARA Petroleum (the operator of Ruvuma Block), Ndovu Resources Limited (the operator of Kiliwani North Block), Dodsal Hydrocarbon and Power Ltd (the operator of the Ruvu Block) and Octant Energy Tanga Limited (the operator of the Tanga Block).
TPDC as a license holder, is a partner in every Block, therefore, it participates in all meetings. The Ministry of Energy is taking part as an observer.
Approval of the work plan and budget is one of the responsibilities conferred to PURA through section 12(2)(d) of the Petroleum Act, 2015.