Business
Tanzania Gas Discovery
Tanzania Gas Discovery.
About this update from Aminex Plc
[{"type":"text","content":"\n Aminex PLC\n17 March 2008\n\n AMINEX PLC\n\n\n 17 March 2008\n\n\n GAS DISCOVERY IN TANZANIA\n\n\n\nAminex PLC (\"Aminex\") announces a successful result from the drilling of\nKiliwani North -1 (\"KN-1\"), offshore Tanzania in the Nyuni/East Songo-Songo\nlicence area.\n\n\nKN-1 has intersected a substantial gas column in Lower Cretaceous sandstones,\nthe same reservoir that produces gas commercially in the neighbouring\nSongo-Songo gas field. Electric logging has been completed and formation\npressures taken which confirm the presence of gas over a gross interval of\napproximately sixty metres. This vertical well was drilled to a depth of 2030\nmetres (6,687 ft), ahead of schedule.\n\n\nKN-1 will now be completed as a gas production well pending hook-up for\nproduction and a test will be conducted to determine flow capacity and reservoir\nproperties. Further appraisal drilling will be required to define the extent of\nthis discovery.\n\n\nPreliminary evaluation indicates a gas-water contact approximately 30 metres\ndeeper than at the adjacent Songo-Songo Gas field. This is a positive outcome\nfor the potential of other exploration prospects and leads in the Nyuni licence\narea. This deeper gas-water contact demonstrates that the KN-1 discovery is in\na separate structure to the Songo-Songo field and this further enhances the\nprospectivity of the remaining leads and prospects within the Nyuni licence.\n\n\nKN-1 also encountered minor oil shows in the Neocomian reservoir section, as\nwell as confirming the presence of potential reservoirs in the Tertiary section\nat an earlier stage in the well.\n\n\nThe Nyuni/East Songo-Songo licence is only one component of Aminex's acreage\nportfolio in East Africa, which includes the highly prospective Ruvuma Basin\narea of Tanzania as well as large acreage positions in Madagascar and Kenya, on\nall of which new seismic has now been acquired. In addition, Aminex is\ncurrently participating in the Malak-1 exploration well in the West esh el\nMellahah concession in Egypt, which spudded on 25 February and is drilling ahead\non schedule.\n\n\nAminex chairman Brian Hall commented: \"We are now seeing the first real fruits\nof our work on the East African margin over several years. Our exploration team\nhas long believed in the potential of this area, both for oil and gas. KN-1 is\na totally new...