The Dodsal Group, a Dubai-based business conglomerate presently operating in countries in MENA and East Africa region and India, has hit an huge cover of more than 2.7 TCF natural gas deposits on their onshore concession in Tanzania's exploration for oil and gas.

The Group had marked its first natural gas discovery of 2.17 TCF in the Mambakofi and Mtini region at Tanzania in the month of July 2015. However, recent updates show that this estimate has now been increased to 2.7 TCF with a potential upside of 3.8 TCF. Based on the current market prices, the gas resources is valued at US$8 billion to a potential upside of US$11 billion.

To add to his exploration discoveries, Dodsal's third well at Mbuyu has come accross a big gas column, in the western side of the block, which is estimated to contain upto 5.9 TCF of gas.

The Dodsal Group is currently undertaking studies for potential gas resources to be improved further, which could possibly accelerate Tanzania's position as a leader in the natural gas sector in the East Africa region.

To date the Group has invested US$200 million and plans to invest more US$300 million in Tanzania in the next 23 months to back itsexploration and production activities, including introduction and implementation of an Early Production System to bring Gas to the market.

The biggest onshore gas discovery of the country is located in the Ruvu Basin Coast Region, only 50km from the commercial capital city of Dar es Salaam, will lead to increased reliability of clean energy resources in Tanzania, and drive all-round social and economic growth. With the new discovery, the nation's total estimated recoverable natural gas reserves total over 57 TCF.

Dr. Rajen A. Kilachand, Chairman and President of the Dodsal Group, said that 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 accelerated economic growth by guaranting timely and ready supply of clean energy. We are fully committed to pillaring the nation in this journey, underlined by the nine years of natural gas exploration that we have been undertaking.

As a socially responsible organisation, our focus is to bring in added value across all aspects of our operation and supporting Tanzania in stimulating the local economy, creating new jobs for the Tanzanian youth and driving the growth of small & medium enterprises by building a strong local supply chain. The most important discovery of natural gas, in close proximity to Dar es Salaam, will boost the economy and strengthen its all-round competitiveness, he added to the statement.

With over 10,000 employees, the multi-billion dollar business conglomerate has proven competencies in other sectors including trading and distribution; and engineering, procurement & construction (EPC).

The Dodsal Group has started projects in more than 22 nations across the world, as a leading EPC player in the energy, industrial and infrastructure sectors.