The Mnazi Bay North Block in southern Tanzania will undergo a technical assessment so that it can be developed for exploration and production opportunities by FIRST Exploration & Petroleum Development Company and the Tanzania Petroleum Development Corporation
Both the companies have signed a memorandum of understanding (MoU) to officialise the plan as an advancement of regional energy development in sub-Saharan Africa.
The MoU signing ceremony took place at the TPDC Head Office in Dodoma, with senior executives from both organisations, representatives of the Government of Tanzania, and members of the media in attendance.
Ademola Adeyemi-Bero, Managing Director/CEO of FIRST E&P, said, "Our success in Nigeria, built on deep technical expertise, a high-performance team, and an entrepreneurial mindset, has positioned us to deploy our capabilities beyond our home market. We believe Tanzania holds world-class hydrocarbon resources and its strategic location positions it as a natural energy hub for the region. With the right investments and partnerships, Tanzania can play a pivotal role in improving energy access, enabling cross-border distribution, and driving regional energy security across Sub-Saharan Africa.”
"We are confident that this MoU marks not just the beginning of a project, but the start of a long-term, mutually beneficial relationship between FIRST E&P and the government and people of Tanzania. We extend our sincere appreciation to TPDC for their collaborative spirit, professionalism, and openness throughout this process," said Adeyemi-Bero.
“The Petroleum Act of 2015 empowers TPDC to develop blocks independently or in partnership with strategic collaborators. TPDC has since identified key blocks, including Mnazi Bay, and we are working in close coordination with Petroleum Upstream Regulatory Authority (PURA), the Ministry of Energy, and TPDC to progress development. This MoU marks a first-of-its-kind upstream initiative, and we look forward to commencing exploration and production activities. With FIRST E&P’s support, we believe Tanzania’s upstream sector will be significantly strengthened,” said Godluck Shirima, Commissioner for Petroleum and Gas, Ministry of Energy, Tanzania.
Mussa Makame, managing director, Tanzania Petroleum Development Corporation (TPDC) said, “The reality we must acknowledge as Africans is that many of our people still rely on biomass for energy -- an option that poses serious risks to both health and the environment. Transitioning to gas is a critical step toward ensuring energy security for our communities. Developing our reserves is, therefore, a national priority. It is even more encouraging when African companies collaborate to unlock these resources, as it allows us to harness and benefit from them right here on our own soil.”