Oilbi’s Gas Blocks

Overview

Oilbi holds 100% exploration and operation rights for offshore Blocks 2R and 3R in southeastern Tanzania. These exclusive rights will be further secured by the imminent signing of the Production Sharing Agreement (PSA).

Block 3R (Papa Field)

Proven Reserves (P1)

Approximately 3.5 Tcf of natural gas

LNG Output Potential

70 million tons of LNG (26–27 years at 2.5 million tons per year)

Probable Reserves (P2)

Approximately 18.2 Tcf of natural gas

Block 2R

Probable Reserves (P2)

Approximately 17.8 Tcf of natural gas