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Monday, February 29, 2016

7 Oil and Gas Investment Opportunities In Tanzania

In the context Tanzania wants to use its 57 trillion cubic feet of natural gas reserves to export liquefied natural gas (LNG), many opportunities are  emerging in  the sector.

And government presents a smart investment helpful environment for the oil and gas to draw in local and foreign investors.

In the new petroleum act of 2015 requires all investors to use locally produced products and services  rendered by Tanzanian citizens and companies. And as happens in these items  and services do not are available in Tanzania, such services and goods must be offered by company  that has entered  into partnership with local companies in order to offer the required items and services.

And the best news is that law declares that,  the local company should own  share of at least 25% in the joint venture.

 . This is  the opportunity for Tanzanians to develop prosperity in gas sector

And for this reasons I am composing this article to show you 7 items and solutions to offer in Tanzanian gas industry and produce an excellent comeback. And all are down this:

1. Human resources: You hire both short-term and permanent  employees then you offer to the oil and gas organizations such as Statoil, BG and So on

2. Health and Safety equipment supply:  you supply personal protective equipment to the oil companies including safety boot, gloves, Weather Jacket and so on, these products are dire demand since safety issues is crucial in oil and gas sector

3. Logistic services: You supply oil field equipment by surface air or sea. And transport oil and gas field workers from the site to the hotel.

4. Technical services: Provide services such as drilling of small gas and oil well, welding and so on

5. Telecommunication services: We all know oil and gas exploration and production activities are done in the remote areas with less or no communication facilities. However, oil and gas employees need to get in touch with loved ones and executives want to know what is going on in the site. If you offer  you provide service like video conferences, the internet, radio you have greater chance to make money

6. Accommodation service: Supply services like Hotels catering etc.

7. Expandable equipment: Some equipment such as drill bits, steel pipe  are replaced frequently because of loss or breakage, So when you supply these products you make big payoff.

What’s your excuse Now

These are lucrative investment in gas sector. And they’ll bring you  all the attention money and recognition you desire. Start today and not someday.

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