Orca’s Tanzania gas operator rejects proposed licence extension terms
PAET says it is willing to keep operating under the current licence during the 60-day statutory period and plans to stop by November 29.
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Orca Energy Group said its subsidiary PanAfrican Energy Tanzania (PAET) rejected on October 9 the proposed terms to extend the Songo Songo natural gas licence. The company said PAET considered the proposed commercial and fiscal terms uneconomic and unacceptable after Tanzania’s energy minister issued an extension notice on October 1.
PAET also said it was willing to keep gas flowing under the existing licence and production-sharing framework during the 60-day statutory period. It intends to cease operating the facilities by November 29, or earlier if the Tanzania Petroleum Development Corporation and Songas confirm they are operationally ready. This is the company’s stated intention and transition plan.
Data
Songo Songo licence transition
PAET’s current licence period and stated transition timetable.
- · Occurred
PAET rejection
PAET rejected proposed extension terms and stated a transition plan.
Methodology
The period and timetable reflect the company’s stated statutory window and forward-looking intention; they do not mean the facilities have transferred.
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