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The United Republic of Tanzania

Petroleum Upstream Regulatory Authority

Petroleum Upstream Regulatory Authority

Tanga Block


OPERATOR:

Afren Tz Ltd – 74% interest

OTHER CONTRACTING PARTIES:

  • Petrodel - 26%

License Area Size:

1,891.73 sq.km

PSA Signed Date:

20th September 2006

Effective Date (Initial Period):

20th November 2006

First Exploration License:

20th May 2013

Second Exploration License:

1st August 2022

Current License Period:

Second Extension licence Application

Current License Effective Date:

N/A

License Expire Date:

N/A

STATUS OF OPERATION

Reprocessing of 3D Seismic data.

CURRENT STATUS

Exploration is Ongoing.

FISCAL TERMS

  • Royalty: 12.5%
  • Income Tax: 30%
  • Withholding Tax: Varies

SURFACE RENTAL

  • Development License -USD 32/sq.km