Gulf Oil and Gas accountACCOUNT

Orca Exploration Announces Approval Of 2009 Capital Program

Source: www.gulfoilandgas.com 12/15/2008, Location: Africa

Share |
Orca Exploration Group Inc announces that the Board of Directors has approved a US$11 million capital program for its gas asset in Tanzania in 2009. The end of 2009 will allocate the majority of the capital to the expansion of Orca’s downstream distribution systems so as to increase the sale of gas to the industrial customers in Dar es Salaam and Morogoro by a forecast 5 mmscf/d. It will include the construction of 10 kilometers of additional low-pressure pipeline, the installation of a new pressure reduction station at the cement producer, Tanzania Portland Cement Company, and the expansion of Orca’s compressed natural gas facilities.

Orca will fund this capital program from internally generated cash flow while increasing its current cash deposits of US$10 million over the course of the year.

The demand for natural gas continues to grow in Tanzania and Orca remains committed to identify ways to increase reserves, expand markets, reduce costs.

Production Engineering News in Tanzania >>

Congo >>  9/27/2016 - Total E&P Congo has through Petro Services awarded the CSV Far Sleipner (2015, VARD 3 07, 9,200 DWT) a contract of 18 months to support their subsea d...
Egypt >>  9/24/2016 - Eng.Tarek El Molla, Minister of Petroleum and Mineral Resources signed 3 petroleum agreements for EGPC with the Italian IEOC and the English BP for na...

Ghana >>  9/23/2016 - Fendercare Marine, part of James Fisher and Sons Plc, was awarded a major floating hose support contract for the Tweneboa, Enyenra, and Ntomme (TEN) d...
Egypt >>  9/12/2016 - Eni reached a production of 700 million cubic feet of gas per day, corresponding to 128,000 barrels of oil equivalent per day (boed) of which 67,000 n...

Congo >>  9/8/2016 - Africa’s oil supply is projected to average 2.11 mb/d in 2016, a decline of 30 tb/d y-o-y and revised down by 10 tb/d from the previous MOMR. In 2016,...
Egypt >>  9/7/2016 - Last week, the Minister of Energy of Cyprus, Mr. George Lakkotrypis, and the Minister of Petroleum and Mineral Resources of Egypt, Eng. Tarek El Molla...

Related Categories: Consultancy  Engineering  FEED  General  Maintenance and Repair  Process Technology Licensing  Production Engineering  Project & Resource Management 

Related Articles: Consultancy  Engineering  FEED  General  Maintenance and Repair  Process Technology Licensing  Production Engineering  Project & Resource Management 


Tanzania Oil & Gas 1 >>  2 | 3 | 4 | 5 |

More News

 

Oil & Gas Companies in Tanzania >>


Related Links

AO BJ CD CG CI CM DZ EG ET GA GH GN GQ KE LR LY MA MG ML MR MZ NA NE NG RW SC SD SL SN SO ST SZ TD TN TZ UG ZA ZM
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.