Tanzanian Debtors Force Orca To Defer Drilling - Africa’s premier report on the oil, gas and energy landscape.

Tanzanian Debtors Force Orca To Defer Drilling

Mounting unpaid debt by the Tanzanian government has forced Orca to hold off development drilling for a crucial gas project. The government parastatal involved is Tanzanian Electricity Supply Company(TANESCO).

“Mounting unpaid TANESCO receivables and unresolved negotiations with the Government Negotiating Team (“GNT”) have resulted in a decision by Orca to defer drilling the SS-12 developmentwell at this time”, Orca says in a report.
“The Company’s initial plan was to move the rig to drill SS-12 immediately following the completion of SS-11. The Company intends to return to SS-12 and drill the well when additional deliverability is required and the issues with TANESCO and the GNT have been resolved”.

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