Tanganyika Oil Company Ltd. Oil Exploration Program to Commence Last Week in September.VANCOUVER, BRITISH COLUMBIA--(BUSINESS WIRE)--Sept. 6, 1996-- TANGANYIKA OIL COMPA COMPA Convergence of Organizations and Movements of Peoples of the Americas (VSE See DOS/VSE. VSE - Virtual Storage Extended : TYK TYK Thank You Kindly ) Tanganyika Oil Company Ltd. (the "Company") is pleased to report on its upcoming oil exploration program on the Mandawa Block onshore Tanzania, Africa. The Mandawa Block covers an Early Jurassic
Two wells will be drilled back to back with the first to be spudded during the last week of September and the second towards the end of November. See attached map. The first well, known as Mita-1, will be drilled to 7,000 feet to test the giant 125 square kilometre Square kilometre (U.S. spelling: square kilometer), symbol km², is a decimal multiple of the SI unit of surface area, the square metre, one of the SI derived units. 1 km² is equal to:
Oil in the ground is not a "reserve" unless it is claimed to be economically recoverable, since as the oil is extracted, the cost of recovery increases incrementally in place of 4.4 billion barrels. The second well, known as East Lika-1, will be drilled to 6,000 feet to test a 30 square kilometre structural closure with 700 feet of structural relief. This prospect has potential oil reserves in place of 640 million barrels. The 8,000 ton Challenger Rig 14 and 4,000 tons of equipment have now arrived at the port of Kilwa Masoko Kilwa Masoko is a port town in eastern Tanzania. It is located at around . Kilwa Masoko is the site of very impressive ruins from the Ottoman Arab dynasties . The shipment took 5 days to sail from South Africa on the dedicated 15,000 ton cargo vessel, Afris Wave. Tug boats and the cranes of two giant barges were used to offload all of the equipment. A television crew, government officials and the press were on site to watch the operation and were conducted on a tour by the Company. The dismantled rig, which is capable of drilling up to 12,000 feet, is currently being mobilized to the first drill site using 8 heavy Kenworth trucks. The move will take 70 truck loads to complete. Forty-eight kilometres of 10 metre wide road were upgraded and cut through the bush to access the site. Three base camps, an air strip, water wells, satellite communication and electric power stations have all been set up and prepared for operation in this remote area. Note - There is a map available by contacting the company at the number below. CONTACT: Tanganyika Oil Company Ltd. Sophia Shane, 604/689-7842 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion