Tanzania regulator prohibits merger application tied to Orca Energy deal

Orca Energy Group has provided an update on its Songo Songo gas operations in Tanzania and a proposed business transaction.

The transaction involves Taifa Gas Tanzania and Amber Energy Investment as proposed buyers.

It concerns Orca’s interests in PanAfrican Energy Tanzania, which is linked to the Songo Songo Development Licence.

On October 5, Tanzania’s Fair Competition Commission issued a notice prohibiting the merger application related to the deal.

Orca also addressed a proposed extension of the licence and operational matters involving PanAfrican Energy Tanzania.

The notice affects the proposed transaction, but the available information does not say what will happen to the deal next.

It also gives no further details about the licence extension or operational update.