East African operator Aminex in collaboration with Solo Oil has found three times as much gas reserves as initially estimated in the Ntorya appraisal area of Tanzania.
“A tripling of resources in the Ntorya appraisal area is clearly excellent news for shareholders and partners and highlights that the Ruvuma PSA is a basin that is of national importance for Tanzania.
“We continue to work directly with the Government to gear the near-term work programme to fast track production to both local industry and ultimately into the national pipeline,” Jay Bhattacherjee, chief executive of Aminex, said.
Two gas wells were drilled on the onshore appraisal area, which comprises approximately 750 square kilometres of the Ruvuma Petroleum Sharing Agreement.
More than 150 billion cubic feet of gas condensate was initially believed to be held in the area.
However Aminex said that new data showed that the area contains proven mean gross GIIP of 466 billion cubic feet.
The operator is currently in the process of applying for a 25-year development licence and is working directly with the Tanzanian Government to fast-track gas production.
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