Business
Kiliwani North Development Licence Awarded
Kiliwani North Development Licence Awarded.
About this update from Aminex Plc
[{"type":"text","content":"\n \nRNS Number : 7141E Aminex PLC 12 April 2011 \n \n\n \nAMINEX PLC\n \nKILIWANI NORTH DEVELOPMENT LICENCE AWARDED\n \n \nAminex PLC ('Aminex' or the 'Company') announces that The Minister for Energy & Minerals of Tanzania, the Hon. William Ngeleja, has signed a Development Licence with the Company's Tanzanian subsidiary, Ndovu Resources Ltd., ('Ndovu') for the Kiliwani North Gas Field in Tanzania. This is a major step in bringing the Kiliwani North Field on to production.\n \nThe Development Licence represents an area carved out of the Nyuni East Songo-Songo Production Sharing Agreement ('Nyuni PSA') which includes the mapped area of the Kiliwani North gas field. The Kiliwani North-1 well flowed gas at a rate of 40 million cubic feet per day (equivalent to 6,700 barrels of oil per day) under full production test conditions. Ndovu manages the Nyuni PSA and the Kiliwani North gas field as operating partner for a four-company consortium.\nEast Africa has become the subject of high industry interest recently, following successful drilling by large companies operating in deep water, both in Tanzania and in neighbouring northern Mozambique. The Kiliwani North Development Licence is the first new Development Licence granted in Tanzania as a consequence of exploration drilling carried out in recent times and is a significant milestone in the commercialisation of Tanzanian gas. \nKiliwani North has been independently estimated to contain 45 billion cubic feet ('BCF') gas in place on a Pmean Contingent Resources basis, equivalent to 7.5 million barrels of oil. Gas from Kiliwani North will be available to assist in countering current energy shortages in Tanzania. \nAnother prospect which lies within the development area, known as Fanjove North, but which has yet to be drilled, has been independently estimated to contain in excess of 200 BCF gas in place, equivalent to approximately 30 million barrels of oil, on a Pmean Prospective Resources basis and, subject to the outcome of a planned transition zone seismic survey, may be drilled in due course.\nThe Kiliwani North wellhead is situated on the southern tip of Songo-Songo island off the coast of Tanzania and is less than 3 kilometres from the nearest access point to the process facili...