News listings
Equatorial Guinea Licence Round

energy-pedia general news

Tanzania flagTanzania

Middle East / Africa >>> Tanzania

Tanzania: Solo Oil provides update on Ruvuma PSC, Tanzania

18 Dec 2014

Photo - see caption
Photo - see caption
Ruvuma PSA (Source: Aminex)

AIM-listed Solo Oil has been advised by Aminex that they have updated their internal resource estimates in the southern part of the Ruvuma Petroleum Sharing Contract ('PSC') area, in which Solo holds a 25% interest, from mean initially in place gas of 2.3 trillion standard cubic feet ('tcf') to 3.2 tcf.

Neil Ritson, Solo Executive Director, commented:

'Ongoing work by the operator continues to reveal significant additional upside in the Ruvuma PSC using the 2014 seismic data. We remain excited about the potential developments in this area in the next few years where access to the 36-inch pipeline to the gas market in Dar es Salaam is nearly complete.'

The newest interpretation using the 2D seismic data acquired earlier in 2014 has shown that in addition to the previously announced target for an appraisal well in the Ntorya-Likonde appraisal area where 2.3 trillion cubic feet (tcf) mean gas initially in place (GIIP) was estimated, there is a further 900 billion cubic feet (bcf) of gas in the Namisange prospect to the west. 

In November 2013, independent consultants, calculated that the Ruvuma PSC contained unrisked prospective resources of over 5 tcf (mean GIIP) in known prospects and leads.  This includes further leads and prospects; including Sudi and Kiswa that are still under evaluation. 

The Ruvuma PSC predominantly covers the onshore extension of the highly prolific basin in which multiple giant gas fields have been discovered offshore in both Tanzania and Mozambique during recent years. The presence of condensate in Ntorya-1 well and oil shows seen in Likonde-1 well represent a further positive aspect of the onshore play, since liquid hydrocarbons add considerable further commercial value to the discovered gas and suggest the presence of a potential oil play. 

The Chinese built gas pipeline from Mtwara to Dar es Salaam is currently being finalized with over 500 kms of the 506 km pipeline now trenched, installed and backfilled with gas.  Pressure testing of the line is over 85% complete and the overall pipeline is reported to be 97% complete.  The civil works associated with the gas processing facilities are 87% completed at end November 2014.  Due to its close proximity of the pipeline to the Ntorya/Likonde area this provides an early route to commercialize gas discovered in the Ruvuma PSC.

Aminex and Solo are partners in the Ruvuma Production Sharing Contract, with respectively 75% and 25% interests.  Aminex subsidiary Ndovu Resources is the operator of the Ruvuma Production Sharing Agreement. 

Original article link

Source: Solo Oil

Bookmark and Share

A global information service for upstream oil and gas opportunities - divestitures, farmins and farmouts and licensing rounds.

Subscriber Only Deals

Current deals: 1689
Completed deals: 5206

Company Profiles

Current Company Profiles: 2643

Corporate Activity

Current Corporate Activity articles: 3280

Companies Looking

Current number of articles: 427

Company Sales

Current Company Sales articles:1356


Current Geostudies articles: 638

How to subscribe

energy-pedia Jobs

RSS Feed Widget
See all jobs...

energy-pedia Databank

The energy-pedia databank contains links to information on the world financial and energy markets, including share prices, oil and gas prices and the global stock exchanges. Read more...

energy-pedia Glossary

A list of commonly used terms in the oil and gas industry. Read more...


Subscribe to the FREE
energy-pedia Daily Newsletter

RSK Logo 149
SLR Consulting logo
Union Jack Oil 149
Rose & Assocs 149
Government of South Australia
count geophysics
KL Publishing
About energy-pedia

energy-pedia news is a FREE news service written and edited by E and P professionals for E and P professionals.

We don't just report the news, we give you the technical background as well, with additional information derived from our unique energy-pedia opportunities service.
Contact us

energy365 Ltd

238 High Street
London Colney
St Albans

Tel: +44(0)1727 822675