Chinese Giant CNOOC Looks To Drill For Oil And Gas Offshore Tanzania

CNOOC, the giant Chinese state-owned offshore oil and gas company, plans exploration offshore Tanzania under an agreement with the local state firm, Tanzanian Energy Minister January Makamba told Bloomberg on Thursday. Tanzania, on Africa’s eastern coast, is looking to boost the development of its natural gas resources and has recently agreed on a deal with supermajors to develop a huge LNG export terminal. CNOOC and Tanzania have “an agreement in the works” to do seismic studies ahead of an offshore licensing round slated to…