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Tuesday, March 17, 2015
Tanzanian authorities have agreed to a deferral of a two-well drilling commitment on Aminex’s Nyuni Area PSA, which was due to be completed by the end of October, into the four-year First Extension which expires October 2019.
The deferral is conditional on an Environmental Impact Assessment, which has already commenced, and the eventual acquisition of 3D in the deep water which will be subject to completion of a tendering process.
Previous exploration on the license area has concentrated on the shelf and included the Kiliwani North-1 gas discovery which is due to start commercial production into new gas infrastructure in H1.
Aminex CEO, Jay Bhattacherjee, commented: “Aminex is grateful for the support of the Tanzanian authorities for the variation of the work program through the deferral of well obligations to enable exploration on the deep water sector of the license. With significant gas discoveries made offshore Tanzania in the last few years, new 3D seismic over Nyuni Area should enable Aminex and its partners to unlock the potential of the license and allow the Company to continue to focus primarily on its stated strategy of production and development through Kiliwani North-1 and Ruvuma respectively.”
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