Ophir Energy, in which Polish tycoon Jan Kulczyk owns a stake of just over 10 percent and which operates in Tanzania as a joint venture with British Gas, announced a big upgrade in the estimated gas resources in Block 1 of its Mzia discovery, Parkiet reported.
“Additional seismic and petrophysical analysis has increased management estimates of in-place resource for the Upper Cretaceous Mzia discovery in Block 1 from the previously announced 2-6 trillion cubic feet to 4-9 trillion cubic feet,” the company said in a statement.
Following the discovery, Ophir Energy is now considering building not one but two LNG production terminals in Tanzania.
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