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Tuesday, July 9, 2013
Aminex’s application for an appraisal license at its Ntorya-1 discovery well in Tanzania has been approved for gazettal by the Tanzanian authorities. The company made the discovery in 2012 when the Ntorya-1 well successfully tested gas at a rate of 20 Mmcf/d and 139 barrels per day of condensate.
The well was drilled on the Ruvuma PSA area and was the second well in the program. An independent estimate of gas discovered by this single well was 178 Bcf in place, which Aminex considers to represent a contingent (recoverable) resource of 134 Bcf.
According to the company and based on an independent assessment of in-place gas volumes, the Ntorya prospect has a further prospective (recoverable) resource of 753 Bcf. Aminex estimates the potential for a total prospective (recoverable) resource of over 4 Tcf in all the prospects already identified within the Ruvuma PSA.
The appraisal program will comprise a further seismic survey to delineate the extent of the Ntorya discovery and drilling of an appraisal well; the appraisal license area consists of nine contiguous five minute by five minute graticular blocks around the Ntorya-1 discovery from a total of 72 blocks in the PSA area. The appraisal license is granted for a period of two years with options to extend at the discretion of the Minister for Energy & Minerals.
The seismic survey is planned for autumn of this year and will form part of a larger survey to delineate other leads and prospects within the license. The Ruvuma PSA partners, which consist of Aminex and Solo Oil, are actively seeking industry partners to farm-in to the acreage and negotiations are in progress.
Aminex chairman Brian Hall, commented: “The gazettal of this new license is an important stage in appraising a significant discovery at Ntorya which can ultimately be tied into the nearby major new Tanzanian pipeline infrastructure now under construction and due for commissioning end 2014.
“We greatly appreciate the support we are receiving from the Ministry of Energy & Minerals and in turn we are fully supporting the government’s efforts to maximize early commercial gas production which can be delivered to a ready market via the new pipeline.”
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