Oil & Gas

The Petroleum Upstream Regulatory Authority (PURA) has extended an invitation to Chevron Corporation, one of the United States’ leading energy companies, to explore investment opportunities in Tanzania’s upstream petroleum sector. The invitation was officially made during Africa Oil Week 2025 in Accra, Ghana, where PURA’s Director General, Eng. Charles Sangweni, met with Chevron’s Global Exploration and New Ventures Manager, Jan Pluis.

During the discussions, Eng. Sangweni highlighted the vast potential in Tanzania’s petroleum upstream industry, including the upcoming fifth licensing round. With only about 30 percent of sedimentary basins explored and plans to auction blocks from the offshore Indian Ocean and Lake Tanganyika, PURA stressed that opportunities for investors such as Chevron are abundant.

He further emphasized Tanzania’s existing gas-producing fields and supporting infrastructure, such as processing facilities and pipelines, which strengthen the country’s appeal as an investment hub. “Tanzania remains an ideal investment destination for Chevron,” noted Eng. Sangweni.

In response, Mr. Pluis affirmed Chevron’s commitment to expanding in Africa, referencing its strong presence in Nigeria, Equatorial Guinea, and Angola. He stated that Chevron is closely studying Tanzania’s oil and gas sector with the intention of seizing available investment opportunities.