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Friday, 25 July, 2008, 15:10 GMT | more prices >>

Heritage makes Tanzania move



By Upstream staff 

Heritage Oil is broadening its base in Tanzania after farming in to Petrodel's Kimbiji and Latham licences.

Kimbiji and Latham cover a total of 9300 square kilometres and are held under one production sharing agreement.

Under the terms of the deal, Heritage has the right to earn 70% in Kimbiji area and 29.9% in Latham, a Thomson Financial report said.


Friday, 11 April, 2008, 08:42 GMT  | last updated: Friday, 20 June, 2008, 22:50 GMT

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