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Noble Helium Limited, an Australian-based company focused on the discovery and development of the global-scale primary Helium reserve has initiated a new drilling activity at Mbelele-1, located within the North Rukwa Helium Project in Tanzania.
Noble Helium Limited, an Australian-based company focused on the discovery and development of the global-scale primary Helium reserve has initiated a new drilling activity at Mbelele-1, located within the North Rukwa Helium Project in Tanzania. The company is using specialized equipment known as Marriott Rig #16 for this operation. This new drilling activity is a collaborative achievement of team Noble Helium, its partners, local workers, and the Tanzanian government.
This initiative marks a significant milestone for Tanzania and Noble Helium, stated Justyn Wood, the CEO and Co-Founder of Noble Helium. He added, historically, 14 similar drilling operations in the East African Rift System region have all led to successful discoveries. We’re applying this proven approach to search for helium, a valuable and essential gas. Successfully extracting helium from this site could elevate both Tanzania and the company as major contributors to the global helium supply, a gas with diverse and critical applications.
The Rukwa Helium Project Rukwa is a large-scale, high-grade, primary helium project covering an area of approximately 3,590 km2 in southwestern Tanzania with the potential to become a strategic asset in resolving a supply-constrained market. The North Rukwa project boasts a potential helium resource of 176 billion cubic feet, making this the largest known primary helium resource in the world, and positioning this Tanzanian region as a potential major source of helium on the global stage.
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Helium is a global, US$6 billion industry and one of the world’s rarest gases, essential to almost all modern and future technologies that simply cannot run or be produced without helium. Semiconductor chip manufacturing is exploding, already consuming 19% of all helium production and is forecast to grow to 28% over the next 5 years. MRI machines/cryogenics already consume 22% and welding 17%. NASA and commercial rockets cannot launch without helium and space exploration is expected to grow 10-fold to a USD 3 trillion industry over the next 30 years (Bank of America Merrill Lynch). Our smartphones, smart TVs, computers, and the coming automated vehicle revolution are a few examples of why helium is so critical to us all. None of the above would be possible without this amazing, rare gas.
