Zanzibar, a semiautonomous region of Tanzania, will accommodate its first oil and gas exploration under a production sharing agreement with a unit of state-owned RAK Gas LLC, Ras Al Khaimah.
Zanzibar, a semiautonomous region of Tanzania, will accommodate its first oil and gas exploration under a production sharing agreement with a unit of state-owned RAK Gas LLC, Ras Al Khaimah.
RAK Gas Zanzibar Ltd. signed the agreement with Zanzibar Petroleum Development Corp., according to press reports. Details haven’t been disclosed.
Ras Al Khaimah opened a bidding round for most of its onshore and offshore acreage earlier this year (OGJ Online, May 24, 2018).