Tanzania to Open Fourth Deep Offshore Bidding Round

According to a Sept. 28 report from Bloomberg, Tanzania will open its fourth bidding round for deep offshore drilling in April 2011, making areas in the Indian Ocean available for oil and gas exploration. The round will include 13 blocks with depths of 1,200 to 3,000 meters, the state-owned Tanzania Petroleum Development Corp. said An onshore bidding round will also be launched during the last quarter of 2010, the statement said.

(Source: Bloomberg)