Introduction

Tanzania has become one of the petroleum investment attractions in the world energy map as a result of huge discoveries of gas reserves in offshore blocks located South of her Indian Ocean. This developing country has witnessed massive bids for her petroleum acreage from large International Oil Companies (IOCs) and even some of the multinational oil companies that were once referred to as "Seven Sisters" are already getting involved in the industry. It shows that the country's acreage is regarded to have low risk of petroleum prospectiveness. Some of the IOCs have even made ...