Lake Tanganyika oil drilling in question

Lake Tanganyika

Fishermen on Lake Tanganyika. Photo by Worldtraveller CC BY-SA 3.0

In a recent move, Woodside Petroleum pulled out of an agreement to continue oil exploration in Lake Tanganyika. Woodside, which had a 70% stake in some exploration permits, is the second oil company to withdraw from further exploration. News articles don’t give a reason as to why they’ve backed out. It may just be that low oil prices have not made it economically sound to drill around Lake Tanganyika. Of course, as an East Africa cichlid fan, I hope this means there just isn’t enough oil to make it worth drilling. Hopefully more news on this topic will come in the near future. To read more about it now, visit Yahoo News.

One Response to Lake Tanganyika oil drilling in question

  1. Anonymous says: