Heritage Oil PLC has been awarded the 1,934 sq km Kyela PSA in the northern onshore area of the Lake Nyasa basin in Tanzania.
Heritage, operator with 100% interest, said gravity and seismic data from the lake suggest the presence of a thick sedimentary section with the potential to generate oil. A 1,500 sq km high resolution gravity survey will start shortly followed by a 2D seismic survey.
Heritage said the area is a frontier exploration play that potentially shares certain geological similarities with the Albert basin of Uganda and Heritage’s recently awarded Rukwa PSA in Tanzania.
In the event of an oil discovery the Kyela PSA lies 125 km from the railhead at Mbeya, and economic scoping shows the commercial viability of either rail export to Dar es Salaam or export by pipeline depending on exploration success.
About the Author
Alan Petzet
Chief Editor Exploration
Alan Petzet is Chief Editor-Exploration of Oil & Gas Journal in Houston. He is editor of the Weekly E&D Newsletter, emailed to OGJ subscribers, and a regular contributor to the OGJ Online subscriber website.
Petzet joined OGJ in 1981 after 13 years in the Tulsa World business-oil department. He was named OGJ Exploration Editor in 1990. A native of Tulsa, he has a BA in journalism from the University of Tulsa.
