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Gold/Mining/Energy : TYK (VSE) Tanganyika Oil -- Ignore unavailable to you. Want to Upgrade?

To: Tomas who wrote (300)	8/24/2000 5:06:31 PM
From: Tomas	Read Replies (1) \| Respond to of 500

Several companies recently showed interest in exploration in Tanzania, including Dublin International Petroleum (Tanganyika Oil). Tanzania Plans First Offshore Oil Licensing Round LONDON, Aug 24 (Reuters) - Tanzania will hold roadshows in the United States and Britain in September to launch its first offshore exploration licensing round, leading oil services company Western Geophysical said on Thursday. Tanzanian Energy Minister Abdallah Kigoda will open the seminars - jointly organised by Western Geophysical and the energy ministry - which are scheduled for September 14 in Houston and September 19 in London. Western Geophysical said it shot 7,000 km of new seismics during 1999 and delineated the region into six license areas which form the basis of the first licensing round in the Pemba Basin. A second round of seismic has also been collected which constitutes an additional 4300 km of 2-D seismics. Tanzania is better known for its Songo Songo gas field, discovered in 1982 by Italian oil giant Agip. It holds reserves of one trillion cubic feet (tcf). The project's operator, Canada's PanAfrican Energy Corp has said the project will start producing in early 2003 after nearly two decades of development. Oil sources said oil discoveries in East Africa amounting to around five million barrels would be considered a reasonable find for that region. They also said several companies recently showed interest in exploration in Tanzania, including Canada's Antrim Energy Inc. and Canop, Britain's Paladin, Ndovu Resources and Dublin International Petroleum.

To: Tomas who wrote (300)	9/3/2000 5:17:33 PM
From: Tomas	Respond to of 500

Syria Says Oil Reserves Good for At Least 20 Years DAMASCUS, Sep 3 (AFP) - Syrian Oil Minister Maher Jamal has denied suggestions that the country's oil production will end in 2010, saying ‘stable production’ will continue until 2020. "Syrian oil reserves stand at 23 billion barrels, of which three billion have already been extracted," Jamal was quoted in the government daily Tishrin as saying. Saying he was "optimistic" about the recoverable reserves situation, the minister characterised as "not correct and without foundation" suggestions that oil production would end in 2010. Given the quality of some of the reserves and existing technology, Jamal said "stable production will be possible until 2020," after which levels of production will depend on technical and other factors then applying. Syria has a current output of about 600,000 bpd, produced by three groups. Al-Furat Petroleum Co, a joint venture between Syrian Petroleum Co (SPC) and the Royal Dutch/Shell group, produces 390,000 bpd. SPC itself produces 145,000 bpd and Dayr ez-Zawr Petroleum Co, owned by SPC and France's Elf Aquitaine produces 60,000 bpd. Of total production, Syria exports 320,000 bpd, as well as 12.5 million cubic meters (437.5 million cubic feet) of natural gas. The minister said the country plans to construct two refineries - at Dayr ez-Zawr in the north-east and one on the Mediterranean coast. These will be in addition to refineries at Homs, in the centre of the country and Baniyas, on the coast. He also said natural gas production will reach 24 million cubic meters (840 million cubic feet) a day in 2020. He added that gas deposits discovered in the past four years alone represent 35 per cent of all reserves ever identified in the country.