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Orca Energy Group Inc. Announces Update on Negotiations with the United Republic of Tanzania and Tanzania Petroleum Development Corporation
Posted on 29 July 2024
About us
Orca is the operator of the Songo Songo gas field, offshore Tanzania, and is focused on delivering reliable and affordable natural gas to Tanzania, to support the country’s power needs, industrial development and economic growth. The Company aims to create long-term sustainable and accretive value for our stakeholders, while minimizing its impact on the environment.
Operations
Orca is focused on maintaining safe and reliable operations at the Songo Songo gas field, offshore Tanzania. The Company operates a number of upstream, downstream and distribution infrastructure, for the benefit of the Tanzanian population.
Sustainability
Orca seeks to minimize its environmental impact, reduce the emissions intensity of its operations, and to significantly contribute to Tanzania’s transition away from more carbon intensive sources of energy, towards a lower carbon economy.
Sustainability
Investors
Orca aims to be transparent and generate value for all stakeholders, with investor engagement being a priority for the business.
The Company continues to focus on its strategy of balancing production growth opportunities at Songo Songo alongside returning value to shareholders by maintaining a quarterly dividend and activating a Normal Course Issuer Bid.
About us
Orca is the operator of the Songo Songo gas field, offshore Tanzania, and is focused on delivering reliable and affordable natural gas to Tanzania, to support the country’s power needs, industrial development and economic growth. The Company aims to create long-term sustainable and accretive value for our stakeholders, while minimizing its impact on the environment.
Operations
Orca is focused on maintaining safe and reliable operations at the Songo Songo gas field, offshore Tanzania. The Company operates a number of upstream, downstream and distribution infrastructure, for the benefit of the Tanzanian population.
Sustainability
Orca seeks to minimize its environmental impact, reduce the emissions intensity of its operations, and to significantly contribute to Tanzania’s transition away from more carbon intensive sources of energy, towards a lower carbon economy.
Investors
Orca aims to be transparent and generate value for all stakeholders, with investor engagement being a priority for the business.
The Company continues to focus on its strategy of balancing production growth opportunities at Songo Songo alongside returning value to shareholders by maintaining a quarterly dividend and activating a Normal Course Issuer Bid.