Monday, 25 September 2017

Hussein Boffu of Tanzania Petroleum states that Petroleum Upstream Regulatory Authority (PURA) will approve

UK independent exploration and production company (Aminex) has applied for development license of Notary field, Ruvuma basin in Tanzania. Aminex submitted development plan to Tanzania petroleum development operation (TPDC).
And Petroleum Upstream Regulatory Authority (PURA) will approve.

The development plan involves findings from the commercialization study done by oi oil and gas consultant which Is joint venture of Baker Hughes, GE company, and Mcdermott.
The plan comprises the various gas monetize plan include selling compressed natural gas (CNG), gas to power and pipeline transmission of gas from Notrya field to Madimba plant southern part of Tanzania through an approximately 35km spur line.
Aminex has applied for the development phase, so as to set up early production with in existing wells,
Recently, Aminex has tripled its natural gas resources from 4.66 billion cubic feet to 1.3 trillion cubic feet
Aminex drilled to 1326m in January this year and planned to drill for a depth of 2860m
So what does all this mean to you? This is the milestone to wards early production
Aminex has a working interest of 75% in the in the Ruvuma Basin Petroleum Sharing Agreement in which Ntorya was located.
Solo held a 25% working interest in the Ruvuma Basin Petroleum Sharing Agreement in which Ntorya was located.