Browsing: Swala Oil

Swala Oin explores Kito-1 in Tanzania

Tanzania’s Oil and Gas firm, Swala Oil has declared Force Majeure under the Kilosa-Kilombero Production Sharing Agreement (“PSA”).

What this means is that the firm will further delay its drilling programme as it awaits a review of existing PSAs.

Swala Oil is an oil and gas company with extensive interests in Tanzania and Burundi. Its current exploration operations include the Kilosa-Kilombero license in Tanzania with a 75 per cent participating interest, and Block D in Burundi with a 100% participating interest.

A statement from the firm notes that in 2018 the Joint Venture resolved the issues of permitting that had prevented access to, and drilling operations in, the Kilosa-Kilombero area. In late 2018 the Joint Venture commenced the tendering process to select drilling contractors and teams.

In January 2019 it selected a drilling team and started planning the 2019 drilling campaign. On the 30th January 2019 it was advised by …