PAET: Congress to take energy sector to new heights

PAET: Congress to take energy sector to new heights

PAN African Energy Tanzania (PAET) has said the 2022 edition of the 4th Tanzania Energy Congress ensure stability in energy and that production goes forward to meet the growing gas demand in what is a highly successful industrial economy.

PAET Managing Director, Andrew Hanna said in Dar es Salaam on Tuesday that the Congress will be an opportunity to exchange views on the energy sector on what is required to go to the new heights.

 “We are extremely excited about what the congress and the focus will bring to the industry here in Tanzania. It is an excellent opportunity to spend time with regulators and the government,” he said.

PAET is one of two platinum sponsors of this year’s event and apart from being an exhibitor, the company will also moderate a ministerial panel and give an educational presentation on managing mature reservoirs.

This year's event, which is taking place in Dar es Salaam today and tomorrow is themed ‘The Next Phase in Tanzania's Energy Sector: Promoting Investment & Growth’.

Orca Energy Group, PAET’s parent company, continues to invest in its Songo Songo operations to keep pace with Tanzania’s growth in power generation and industrial expansion.

In the last two years, the company has invested more than 70 million US dollars in increasing and sustaining gas supply, including 42.5 million US dollars on the first stage inlet compression project at the Songas-owned gas processing plant that it operates, and a further 31.6 million US dollars working over three onshore gas wells.

The company has also recently committed 20 million US dollars to execute a 3D seismic survey in late 2022 across some 200km2 of the Songo Songo field, to better image the emerging complexities for the Songo Songo main field and future exploration and development of prospective resources.

PAET will be well represented at the Congress by senior managers across its almost entirely Tanzanian workforce, while Orca will also be represented by the Company’s CEO, Jay Lyons, its CFO, Lisa Mitchell, and two non-executive directors, including Dr Frannie Léautier and Linda Beal.

Dr Léautier will be moderating the ‘Global Ministerial Session: Improving Africa’s Economy Through Energy Sector Market Development Expansion’.

This conversation is expected to cover the continent’s energy outlook as well as Tanzania’s potential as a major energy supplier in the current global scenario.

PAET’s Resident Reservoir Engineer, Mr Revocatus Kasheshi, will also be making a special educational presentation on managing mature reservoirs, using experience from the past 18 years of production from Songo Songo.

The company will also have an exhibition booth for the duration of the congress to give visitors a chance to acquaint themselves with PAET operations as the first established gas producer in the country and its contributions to the national economy – both directly and indirectly.

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