OFFSHORE BLOCK: BLOCK_2

OPERATOR:

Equinor Tanzania AS (65%)

OTHER CONTRACTING PARTIES:

• Exxon Mobil (35%)

License Area Size:

2,656.52 sq.km

PSA Signed Date:

18^th April 2007

Effective Date (Initial Exploration Period):

15^th June 2007

First Exploration License:

15^th June 2011

Second Exploration License:

30^th June 2015

License Effective Date:

16^th June 2020

Current License Status:

Exploration – Extended

STATUS OF OPERATIONS

The Operator is finalizing negotiation of Host Government Agreement (HGA) with the Government for the LNG Project. Once the HGA signed they will commence undertaking pre-development studies (Pre-Front End Engineering Design & Front-End Engineering Design), Geotechnical studies, project foundation activities to develop the discovered Offshore natural gas.