The scope, scale and spread of current and future oil and gas infrastructure development projects in East Africa is positioning the region as a hotbed of oil and gas exploration, investment and infrastructure build
The knock-on effects of this growth will lead to a regionally integrated ecosystem for oil production, natural gas supply and distribution, which will increase efficiency and security of supply. It is also expected that the cost of refined oil and gas products to consumers will see a decrease in the long term.
Solo Oil plc (LON:SOLO), is a natural resources investment company with a diverse portfolio of onshore assets, principally in Europe and Africa. The company seeks to deliver returns through early stage investment in promising projects and uses management’s own sector expertise to assist in strategic asset development. Solo’s portfolio currently includes extensive interests in the prolific Ruvuma Basin in Tanzania, Helium One Limited, the Tanzanian helium exploration company, and Kiliwani North, a natural gas producing project in Tanzania.