Continental Focus, International Reach

Aminex Progressing Ruvuma

Tuesday, December 18, 2018

Aminex is progressing the drilling of the Chikumbi-1 drilling and 3D seismic program on its Ruvuma PSA. The company has selected the drilling rig for the Chikumbi-1 and remediation work is ongoing on the Kiliwani North-1 well. The company is also continuing its work to identify areas for future 3D seismic surveys identified with intent to progress low cost prospects in both Kiliwani North and Nyuni.The company has finalized the Chikumbi-1 executive drilling and completions programs, has identified and selected the service companies required to operate all aspects of drilling. The company has also identified and designed an approximately 220 sq km 3D program over the Ntorya development area. Further, Aminex has signed a conditional rig sharing agreement with Heritage Oil Limited in Tanzania in order to reduce mobilization/demobilization costs for both parties. The company engaged Schlumberger SEACO Inc. to remediate and troubleshoot a faulty sub surface safety valve (‘SSSV’) on its Kiliwani North-1 well. Schlumberger were mobilized to location and the SSSV was repaired. During the operation the well was fully opened and test gas flowed to the plant for a short period. The company believes that there is a fluid column in the well and is analyzing the operational and testing data.In addition to the above Aminex said that progress is being made on satisfying conditions required to close its farm-out agreement with Zubair Group. An extraordinary general meeting of shareholders will be held to approve the farm-out in early-January.Pending the successful completion of the Farm-out, Aminex will be fully carried through to production, which will include the drilling of multiple wells, seismic acquisition and construction of associated infrastructure.