Demand for natural gas as the main source of energy among
manufacturers and other users in Tanzania continues to rise, according to
Tanzania Petroleum Development Corporation (TPDC).
TPDC says it has received new applications for industrial
use, with at least ten manufacturers expected to switch to natural gas before
the end of this year.
A significant resource upgrade today from RPS which is
way better than had been expected. This and other data from io, confirms the
feasibility of developing the Ntoryagas
field for commercial production. The Ntorya Pmean GIIP is increased to 1.87
TCF, an increase of 44% on managements latest estimates (1.3 TCF) and 12x the
previous CPR. The 2C gross contingent resources number is up 11x from previous
CPR at 762.8 BCF.
Neil Ritson, chief executive of Solo Oil PLC (LON:SOLO),
discusses with Proactive the findings from the recently completed CPR which
reveals a major upgrade to the gas resources at the Ntorya project in Tanzania.
It follows the Ntorya-2 appraisal well success and an
assessment of well testing.
Ntorya’s contingent gas resource has now risen to 762.8bn
cubic feet of gas, comprising 80.6bn cubic feet of gas that’s described as
pending development – to be addressed by the planned initial three well
operation.
Two of the three wells have so far been drilled, and the
third is due later this year. The gas would be connected to a gas plant located
some 33 kilometres away.
Jay Bhattacherjee, chief executive at Aminex plc
(LON:AEX), discusses with Proactive the findings from the latest CPR on their
asset base in Tanzania.
Among the highlights is a 44% increase in management
estimates for gas initially in place across Ntorya from 1.3 TCF to 1.87 TCF.
The new figure also represents a 12-fold increase over
the 2015 CPR.
''It's obviously a big piece of news for us ... we're
pretty delighted about the results but more so the work we've put into getting
the results''.
''We've been working quite hard at the basin model and
based on the drilling of Ntorya-2 and some of the interpretation of the data
we've re-created the basin model and it's always nice to have your work
verified ... and reinforces that this asset is of national importance''
Aminex advises that RPS Energy Consultants Limited ("RPS") has now completed a Competent Person's Report ("CPR") over the Company's entire Tanzania asset base and that their findings have established a significant resource upgrade. This result, taken together with the results of the Ntorya Gas Commercialisation Study prepared by io oil & gas consulting last year, confirms the feasibility of developing the Ntorya gas field for commercial production. RPS, a subsidiary of RPS Group, is an internationally-reputed reporting firm and io oil & gas consulting ("io") is a joint venture between Baker Hughes, a GE company, and McDermott.
