Tanzania emblem
The United Republic of Tanzania

Petroleum Upstream Regulatory Authority

Petroleum Upstream Regulatory Authority

Block 2


OPERATOR:

Equinor Tanzania As – 65% interest

OTHER CONTRACTING PARTIES:

  • Exxon Mobile - 35%

License Area Size:

2,656.52 sq.km

PSA Signed Date:

18th April 2007

Effective Date (Initial Period):

15thJune 2007

First Exploration License:

15th June 2011

Second Exploration License:

30th June 2015

Current License Period:

Bridging Licence-First period

Current License Effective Date:

16th June 2020

License Expire Date:

16th Dec 2023

STATUS OF OPERATION

TPDC and the Contractor continue to undertake pre-development studies (pre-feed&feed), Geotechnical studies, project foundation activities to develop the discovered Offshore natural gas

CURRENT STATUS

Negotiation of Host Government Agreement (HGA) for the LNG Project is ongoing.

FISCAL TERMS

  • Royalty: 5%
  • Income Tax: 30%
  • Withholding Tax: Varies

SURFACE RENTAL

  • Initial Period – USD 4/sq.km
  • First Extension Period – USD 8/sq.km
  • Second Extension Period – USD 16/ sq.km
  • Development License - Established as part of Development plan