Wednesday, March 16, 2016
Aminex plc advised that the final well integrity testing of the Kiliwani North-1 well (KN-1) is now complete. The test recorded a high tubing pressure reading relative to the other producing wells on Songo Songo Island. A wellhead control panel has been installed and all work required by the company prior to gas production will shortly be complete.
TPDC has provided a revised work schedule and informed the company that the commissioning of the Songo Songo Island gas plant is expected to commence in early April. During the commissioning program, the initial production rates will be managed to allow for testing of the new gas processing facility and related pipelines.
All KN-1 gas will be sold to the TPDC at wellhead for an agreed price of $3.00 mmBTU (approximately $3.07 per mscf), payable in US dollars, and will ultimately be transported by pipeline to Dar es Salaam, where it will be sold into the local Tanzanian market.
Aminex CEO, Jay Bhattacherjee, commented: “The successful conclusion of the well integrity tests and installation of the wellhead control panel finalizes the company’s preparations prior to the commissioning of the new Songo Songo Island processing facilities. Aminex looks forward to the commencement of gas production and revenues from Kiliwani North.”