ZANZIBAR
Petroleum Regulatory Authority (ZPRA) has pegged at eight years, the minimum
period to start commercial exploration and production of oil and natural gas in
the Isles.
Speaking to
Senior Government Officials in South and North Pemba regions, ZPRA Deputy
Director General, Engineer Ali Bakar said the survey of oil and natural gas was
going through various stages, pleading for patience.
He said there
are six steps before commencing the formal drilling and sales of oil but
Zanzibar is still on the first of the costly steps.
“The cost of
getting data of oil is too high ... the work of gathering the information you
need costs about 20 million US dollars,” said Engineer Ali, emphasising that
the business of oil and natural gas extraction requires large capital.
He said the
cost of drilling a well at sea during the survey costs 150 million US dollars
(over 300bn/-) and therefore the undertaking requires huge investments.
“You may dish
out such large amount of money and yet find out that the available deposits are
not commercially viable,” said the deputy DG. Commenting on the survey of oil
in Zanzibar-Pemba block, ZPRA Director General Omar Zubeir said the work will
start soon using special ship and vehicles.
“Under this
phase, experts will use special technology to find the sedimentary rocks, this
will take place after the initial surveys, using special plane to identify the
sedimentary rocks, are complete,” said DG Omar.
He hinted that
rocks with oil reserves are within the distance of between three and four
kilometres below the earth, adding that there is the distance of up to six
kilometres before reaching the sedimentary rocks with thermal storage.
Speaking at
the meeting, Regional Commissioner of North Pemba, Omar Khamis Othman said the
region will offer all the required cooperation for successful survey work.
Regional
Commissioner of South Pemba Mwanajuma Majid Abdalla said that there was need
for people to be well informed about the entire work of exploration and
extraction of oil and natural gas, saying many people have many and sometimes
unrealistic expectations.
Airborne
Gradiometer Full Tensor Gravity Survey (FTG) was completed last month, with FTG
conducted by Bell Geospace Enterprises Company Limited of the UK.
The Second
Vice-President, Ambassador Seif Ali Iddi, launched the survey in March, this
year, with Bell Geospace Enterprises Limited conducting the survey on behalf of
GAS RAK Ras Khaimah, from the United Arab Emirates.
No comments:
Post a Comment