Dodsal Resources has announced plans to invest additional $300 million in Tanzania in the next two years to fund its exploration and production activities in the country.

The company has said it is also planning to carry out an Early Production System so as to bring Gas to the market.

Dodsal has to this point made the biggest onshore gas finds in Tanzania’s Mambakofi and Mtini region and it has said it is progressing with studies to create the prospective gas resources at the third well at Mbuyu west of the block, estimated to have about 5.9 tcf of gas in a large gas column.

According to the company, the gas resources found till date is estimated at $8 billion to a potential advantage of $11 billion.

“The discovery of natural gas reserves in Tanzania further strengthens our commitment to the nation to be a partner in the country’s all-round socio-economic progress. Tanzania has tremendous potential in the hydrocarbon sector. When efficiently leveraged, this will bring incremental economic growth by assuring timely and ready supply of clean energy. We are fully committed to supporting the nation in this journey, underlined by the nine years of natural gas exploration that we have been undertaking,” Dr. Rajen A. Kilachand (photo), Chairman and President of The Dodsal Group told Oil News Kenya.

He added that the company believes that the closeness of the finds to Dar es Salaam which is about 50Km will improve Tanzania’s economy.

Anita Fatunji