About Us

Overview

The Oilbi LNG Project, named Mvua Kubwa Project(meaning “heavy rain” in Swahili) is a fully integrated liquefied natural gas development led by Oilbi Ltd. The project plans to develop offshore natural gas resources from Block 3R - where Oilbi holds 100% exploration and operating rights - and construct an onshore LNG facility with an annual production capacity of 2.5 million tons. Initial production is targeted for early 2031, with operations planned over a 26-27 year period.

Architectural Rendering of LNG Plant

An architectural rendering of an LNG plant designed by Baker Hughes in 2020.

Objectives

  • To produce and export LNG to rapidly growing Asian and global markets with a focus on South Korea, leveraging strategic partnership with leading Korean companies.
  • To contribute to Tanzania’s industrial growth, job creation, and technology transfer, while upholding international ESG standards.
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Project Site

  • The plant will be located in Mtwara, a southeastern coastal region of Tanzania
  • Oilbi has already secured the site, and the location has strong potential due to integration with local facility and regional development initiatives.
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Project Cost

  • The total estimated cost of the project is USD 3.6 billion
  • Construction costs are approximately USD 3.3 billion including onshore facility and subsea pipelines.
  • Non-construction costs are approximately USD 300million.
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Project Advantages

  • Large-Scale Reserves : Oilbi holds exclusive rights to offshore blocks with 3.5 Tcf of proven and up to 36 Tcf of probable natural gas reserves, ensuring stable production over 26-27 years at 2.5 million tons per year.
  • Strategic Location : The plant site in Mtwara offers direct access to international shipping routes and proximity to growing Asian LNG markets
  • Strong Partnerships : Targets collaboration with top Korean and global companies will bring world-class technologies, EPC expertise, and robust financing capabilities to the project.
  • Stable Political and Economic Environment of Tanzania : Compared to some other African nations, Tanzania has a relatively stable political climate. Furthermore, Tanzanian government actively pursuing economic development plans aimed at enhancing infrastructure and promoting foreign investment.
  • Korea-Tanzania Economic Ties :
    Recently, the two countries have strengthened their economic cooperation across various sectors, fostering mutual growth and development through strategic partnership.
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Partnership and Investor Relations

We are seeking strategic partners to join us in unlocking Tanzania's vast natural gas resources. Our vision is to connect local potential with global opportunity, and we believe this transformative journey requires collaboration with partners who share our ambition and expertise.

Who We Are Looking For

We are actively seeking partnership with companies and investors in the following areas :

  • Technology & Expertise : Partners with proven capabilities in natural gas exploration, production, and LNG plant construction.
  • Market Access : Partners who can provide access to key international markets and distribution networks for our future LNG products, particularly in the Asian region where demand for LNG is projected to increase significantly.
  • Investment : Financial partners who will enable us to secure the capital required for this large-scale project.

Why Partner With Us?

By partnering with us, our partners will be part of a pioneering project with immense potential. They will benefit from :

  • A secure and promising natural gas field with proven reserves, offering a stable long-term supply.
  • A commitment to a long-term, mutually beneficial relationship that drives success for all parties involved.
  • The project will be positioned to capture a portion of the rapidly growing global LNG market, providing substantial financial returns and opportunities for future expansion.
  • As a small, independent company we are ready to respond to the needs and requests of our partners with the flexible and quick decision-making.

Investor Relations

Key Financial Highlights
Notice on Estimates and Verification Status

The financial data below are internal estimates prepared by our company based on rigorous market research and global benchmarking. All figures are provisional and will be changed through third-party feasibility studies and formal external audits by global consulting firms as well. Potential investors and prospective partners are advised to consider these numbers as reference values only at this stages.

Key Financial Indicators

  • Total Project Cost : $3.6 billion
  • Annual Revenue(full capacity) : $1.75 billion
  • Cumulative Revenue (28 yrs) : $49 billion
  • Cumulative Profit (pre-tax) : $10.9 billion
  • Cumulative Profit (after-tax) : $7.6 billion
  • NPV(Net Present Value) : $3.5 billion
  • IRR(Internal Rate of Return) : 20.88%
  • BEP : Year 5
Key Financial Highlights

Capital Structure & Financing Plan

  • Equity Placement : 15-20%
  • Consortium Capital Increase : 30-35%
  • Institutional Investment : 20-25%
  • Debt Financing : 20-35%

Disclaimer : This information is provided for reference only and does not constitute an offer or solicitation for investment. For updated figures and official reports, please check this website regularly or our IR department.