Gulf Oil and Gas accountACCOUNT

Solo Oil Reports Ntorya Appraisal Area Major Resource Upgrade

Source: www.gulfoilandgas.com 4/24/2017, Location: Africa

Share |
Solo is pleased to announce that in collaboration with operator, Aminex plc (Aminex), it can report a material increase in its estimate of gas initially in place (GIIP) associated with the Ntorya gas-condensate discoveries in the Ntorya Appraisal Area, Tanzania. The potential of the Ntorya Appraisal Area, which comprises approximately 750 square kilometres of the Ruvuma Petroleum Sharing Agreement (Ruvuma PSA), has now been successfully tested by two gas wells; Ntorya-1 and -2.

Following the Ntorya-2 well the Company now considers that the Ntorya Appraisal Area contains proven mean gross GIIP of 466 billion cubic feet (bcf), a three-fold increase over the previous estimate of 153 bcf which was independently audited by LR Senergy in May 2015, prior to the drilling of Ntorya-2.

Highlights:

Mean gross GIIP increased by 200% from 153 bcf to 466 bcf
High estimate gross GIIP increased by 240% from 332 bcf to 1.13 tcf
Most likely gross Contingent Resources (2C) increased by 165% from 70 bcf to 186 bcf (Solo estimate)
High estimate gross Contingent Resources (3C) increased by 230% from 232 bcf to 766 bcf (Solo estimate)

These new Solo contingent resource estimates cover the Ntorya Appraisal Area only and do not include the potential of the adjoining Ruvuma PSA exploration licences which is also being reassessed.

Neil Ritson, Solo's Chairman commented:

"The Ntorya-2 well, in conjunction with the existing well and seismic control, allow a new more confident and upgraded estimate of the gas in place and the associated contingent resources associated with the successful appraisal well. As a result Aminex is currently applying for a 25-year development licence and is working directly with the Tanzanian Government on means to fast-track gas production."

The upgraded estimate follows the drilling and testing of the Ntorya-2 appraisal well earlier this year which encountered a net pay zone of 31 metres and tested gas at an average flow rate of 17 million standard cubic feet per day (mmscfd) (approximately 2,830 barrels oil equivalent per day) through a 40/64-inch choke. The previous well, Ntorya-1, was tested at a rate of 20 mmscfd through a 1-inch choke. Solo believes that higher flow rates can be achieved at Ntorya-2 during future production once the drilling induced formation damage is removed.

According to the interpretation of the wireline logs, Ntorya-2 encountered the equivalent reservoir section seen in the Ntorya-1 well at a depth approximately 74 metres shallower. No formation water was produced during the tests. The fluids recovered down-dip at Ntorya-1 showed a higher condensate-gas ratio and this suggests some fractionation of fluids with depth, further suggesting an extensive gas column is present with in the Ntorya gas-condensate accumulation.

Ntorya-2 also encountered traces of oil in the gross reservoir interval. Aminex is currently updating the basin model in order to optimise future drilling to maximise the intersection with the reservoir section and to target potentially liquid hydrocarbon bearing reservoirs in future wells, including Ntorya-3. Outside the Ntorya Appraisal Area LR Senergy estimated 3 tcf of gross mean undiscovered GIIP in the Ruvuma PSA and that remains to be further evaluated.

Solo owns a 25% non-operating interest in the Ntorya Appraisal Area, the Ruvuma PSA, and the Ntorya-1 and -2 wells, which are operated by Aminex.

For more information about related Opportunities and Key Players visit East Africa Projects

Drilling & Well Services >>

Drilling & Well Services News in Tanzania >>

Algeria >>  1/15/2018 - Eng. Mustafa Sanalla, NOC Chairman of the Board, Dr. Abdelmomen Weld Qadour Chairman and General Manager of Sonatrach Company and Mr. John W. Wallace ...
Egypt >>  1/11/2018 - ADES International Holding Ltd. (ADES), the London-listed company providing offshore and onshore oil and gas drilling and production services in the M...

Egypt >>  1/3/2018 - Siemens Gamesa Renewable Energy (SGRE) has secured a new order for the installation of 125 of its G97-2.1MW turbines (total capacity of 262.5 MW) at t...
Gabon >>  1/3/2018 - Spectrum, in collaboration with the Direction Generale des Hydrocarbures (DGH), has commenced the next phase of its shallow water 3D Multi-Client seis...

Egypt >>  12/27/2017 - The Minister of Investment and International Cooperation Dr. Sahar Nasr signed an agreement worth USD 200 million with Director of Natural Resources a...
Nigeria >>  12/26/2017 - The Rivers State Government and Shell Nigeria Gas (SNG) have signed a Memorandum of Understanding (MoU) for the distribution of gas to industries in t...

Related Categories: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 

Related Articles: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 


Tanzania Oil & Gas 1 >>  2 | 3 | 4 | 5 |

Oil & Gas Projects in Tanzania >>

More News

 

Oil & Gas Companies in Tanzania >>


Related Links

Gulf Oil and Gas
Copyright Universal Solutions All rights reserved. - Privacy Policy.