BG Group and Ophir make fourth Tanzanian discovery
BG Group says its drilling campaign offshore Tanzania has made its fourth discovery of gas, bringing total recoverable resources up to seven trillion cubic feet (TCF).
BG Group says its drilling campaign offshore Tanzania has made its fourth discovery of gas, bringing total recoverable resources up to seven trillion cubic feet (TCF).
The latest find is from the Jodari-1 well, located 39km out to sea, at a depth of 1150 metres. Gross recoverable resources are estimated to be 2.5- 4.4TCF.
The project is 60% owned by BG and 40% owned by Ophir Energy. The next target is named as Mzia-1, 23km north of Jodari.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
BG Group shares have risen 8.4% so far this year, Ophir has gained 38.7%.
BS
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Average earnings by region – how does your income compare?
There are significant regional differences when it comes to how much the average worker earns. We explore the data and reveal where in the UK average earnings are highest.
-
St James’s Place confirms new fees – what it means for customers
The UK’s largest wealth manager is replacing its “opaque” and “complex” pricing structure. We explain the new charges, and when they will kick in