Production Engineering: News for Oil & Gas and Hydrocarbon Industries  Membership Services »
Gulf Oil and Gas grow your business
Home News Events Projects Tenders Unconventionals Community | My Account Gulfoilandgas rss feed Follow us on Facebook  Jobs 
Products and vendors Services and providers Oil & Gas Software and publications

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 >>

Bumi and Eni Sign $3 Billion FPSO Deal Offshore Angola
Angola >>  8/20/2014 - Eni Angola S.p.A. (eni Angola) has signed a contract with the consortium of Bumi Armada Offshore Holdings Limited (BAOHL, a wholly-owned subsidiary of...
2H Offshore Secures Riser Engineering Offshore Angola
Angola >>  8/13/2014 - 2H Offshore, an Acteon company, has been appointed by Heerema Marine Contractors (HMC) to engineer hybrid risers for Total’s Kaombo Block 32 project. ...

Seadrill Secures $497m Rig Contract in Nigeria
Nigeria >>  8/8/2014 - Seadrill Limited, in cooperation with indigenous partner Field Offshore Design Engineering Nigeria Limited has secured a contract with Esso Exploratio...
Saipem Awarded New Drilling Contracts Worth $850 million
Nigeria >>  7/29/2014 - Saipem has been awarded new drilling contracts in Indonesia, Nigeria, the Arabian Gulf and Latin America worth approximately $850 million of which $54...

The World Bank Approves $50m Oil and Gas Loan for Kenya
  Kenya >>  7/24/2014 - The World Bank’s Board of Executive Directors approved US$50 million for the Government of Kenya to strengthen its capacity to manage the oil and gas ...



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

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


Tanzania Oil & Gas 1 >>  2 | 3 | 4 |

More News

Oil & Gas Companies in Tanzania >>

Related Links

Countries Quick 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 TD TN TZ UG ZA ZM
Gulf Oil and Gas E-Marketplace - Promote your Business - About Us
Copyright © Universal Solutions All rights reserved. Privacy Policy. - Contact Us