Showing posts with label tender. Show all posts
Showing posts with label tender. Show all posts

Thursday, 28 August 2025

Aminex Update: Pipeline Procurement Underway and Rig Tender Process Accelerates

Following yesterday’s RNS, new disclosures confirm Expressions of Interest for rig services have already been issued — ahead of schedule.

Yesterday’s RNS: Two Key Milestones

On 27th August, Aminex released an RNS confirming significant operational progress at Ntorya:

  • Pipeline:

    • Contractors have begun procurement of pipe and equipment for the 35 km Ntorya–Madimba pipeline.

    • Mobilisation of construction equipment is scheduled for September 2025.

    • Groundwork and pipelaying are due to start in January 2026, with completion by July 2026.

  • Rig Tender:

    • The Petroleum Upstream Regulatory Authority (PURA) has approved the tender strategy for a drilling rig.

    • This approval enables drilling of Chikumbi-1 (CH-1) and a workover of Ntorya-1 (NT-1).

    • The RNS stated that Expressions of Interest (EOIs) from service contractors would be requested next week.

  • Condensate Discussions:

    • TPDC, APT, and Aminex also discussed the processing and storage of condensate, highlighting an additional revenue stream beyond gas sales.

Today’s Update: Ahead of Schedule

Less than 24 hours later, it has been confirmed via today’s release on X (formerly Twitter) that the Expressions of Interest have already been issued, a full week earlier than suggested in the RNS.

This over-performance signals:

  • Strong operator momentum from APT.

  • A clear alignment with Tanzanian regulators and stakeholders.

  • A demonstration that the project is moving faster than timelines originally set out.

Why This Matters for Investors

The combination of pipeline procurement, firm groundwork dates, and now the early launch of the rig tender process creates visible momentum on all fronts:

  • De-risked schedule: Procurement and mobilisation show the pipeline is firmly on track.

  • Accelerated rig contracting: The early release of EOIs means CH-1 and NT-1 are moving closer to execution.

  • Additional upside: Condensate monetisation discussions could provide another layer of value.

This update underscores the Government of Tanzania’s and APT’s commitment to delivering Ntorya gas to the Madimba plant on time — and potentially even ahead of schedule.

Closing Thought

Investors have long waited to see Ntorya move from planning into visible execution. With procurement underway, mobilisation imminent, and the rig tender already advancing faster than expected, that moment has arrived.

The project is not just progressing — it is gathering pace.


Wednesday, 27 August 2025

Aminex RNS: Ntorya Operations Update Confirms Pipeline and Rig Milestones

Procurement for the Ntorya–Madimba pipeline begins, groundwork scheduled for January, while PURA approves the rig tender strategy.

Key Highlights from Today’s RNS

  • Pipeline Progress:

    • Contractors have begun procurement of pipe and equipment for the 35 km pipeline linking Ntorya to the Madimba gas processing plant.

    • Mobilisation of construction equipment will begin in September 2025.

    • Groundwork and pipelaying are scheduled to commence in January 2026, with completion targeted by July 2026.

  • Condensate Value Addition:

    • Discussions are under way regarding the processing and storage of condensate volumes from Ntorya — an additional revenue stream beyond gas sales.

  • Rig Tender Milestone:

    • The Petroleum Upstream Regulatory Authority (PURA) has approved the tender strategy for contracting a drilling rig.

    • The rig will be used to drill Chikumbi-1 (CH-1) and perform a workover on Ntorya-1 (NT-1).

    • Operator APT will request expressions of interest from service contractors next week.

Why This Matters for Investors

This RNS confirms that multiple strands of Ntorya’s development are advancing in parallel:

  • Pipeline: With procurement already under way and a firm mobilisation schedule, the long-discussed link to Madimba has moved from planning to delivery. A clear timeline to completion by July 2026 provides investors with visibility.

  • Rig Tender: PURA’s approval is a regulatory green light that allows the operator to advance into contractor engagement. The drilling of CH-1 and the NT-1 workover will expand production capacity beyond NT-2, underpinning volumes for the GSA.

  • Condensate: Monetisation of condensate offers upside beyond gas sales, increasing the value of the project.

Together, these steps strengthen confidence that Ntorya is firmly on its way to first gas, with strong backing from TPDC, PURA, and APT.

Aminex Management Comment

Charles Santos, Executive Chairman, highlighted:

“Our discussions with the TPDC and the operator have been extremely fruitful, and we are delighted that activity on the Pipeline is proceeding as planned… PURA has approved the tender strategy, allowing APT to begin the tender process. These developments demonstrate again the Government of Tanzania’s strong commitment to this project.”

Investor Takeaway

This update provides:

  • Visible progress on the pipeline, with equipment procurement already started.

  • Firm dates for mobilisation (Sept 2025), groundwork (Jan 2026), and completion (July 2026).

  • Regulatory approval clearing the way for the rig tender and the next phase of drilling.

  • Condensate upside adding to the project’s revenue profile.

For shareholders, this RNS delivers the clearest evidence yet that Ntorya’s development is advancing on multiple fronts, backed by Tanzania’s institutions and operator commitment.

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