📍 *Dar es Salaam*
Helium One has made a groundbreaking discovery of an estimated 98.9 billion cubic feet (bcf) of helium in Tanzania, marking a major development amid the global helium shortage and rising demand for the gas.
This discovery is particularly significant given the growing concerns over the dwindling global supply of helium.
Lorna Blaisse, CEO of Helium Global, expressed optimism about the results, highlighting the encouraging presence of both helium and hydrogen encountered during deeper drilling into the well.
The company is now moving into the next phase, which involves preparing the wellbore for the installation of slotted casing and cementing it in place. Following that, the team will run a completion string to facilitate multiple tests of two distinct zones.
Blaisse also noted that the re-drilling process revealed a continuous presence of both helium and hydrogen, with the levels being notably higher than those found during Phase II drilling.
The exceptional conditions of the ITW-1 well, which allowed the team to re-enter an additional 168 meters into the fractured basement, played a crucial role in reaching a total depth of 1,129 meters.
According to a 2024 report by GlobalData, the discovery of these helium and hydrogen reserves in Tanzania could play a pivotal role in addressing the global supply gap, providing a new source of these crucial gases for industrial and scientific use.
*#TanzaniaMiningInvestment*
*#ValueAdditionforSocioEconomicDevelopment*
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