Gulf Oil and Gas accountACCOUNT

Aminex Completes Competent Person's Report on Kiliwani North Licence

Source: www.gulfoilandgas.com 5/14/2015, Location: Africa

Aminex is pleased to announce that Senergy (GB) Limited (LR Senergy), an independent oil and gas consultancy firm, has completed a technical evaluation on the resources of Kiliwani North Development Licence and Ruvuma PSA. The results of the report are summarised below:

Key Highlights

Kiliwani North Development Licence (58.5% Working Interest, Operated)

- PMean Gas Initially in Place (GIIP) of 44 BCF (gross) of which 28 BCF (gross) booked as Contingent Resources (Best Estimate, 2C)
- Company expects to book its first categorised reserves in Tanzania upon signing of a Gas Sales Agreement and commencement of production

Ruvuma PSA (75% Working Interest, Operated)

- Total Pmean GIIP for discovered and undiscovered resources of 4.17 TCF (gross)
- Ntorya 1 Discovery attributed 153 BCF Pmean GIIP (gross) of which 70 BCF (gross) booked as Contingent Resources (Best Estimate, 2C)
- Four main drillable targets attributed 3 TCF PMean GIIP (gross) (Ntorya Updip, Likonde Updip, Namisange, Sudi)
- Basin remains significantly underexplored according to international standards and it is likely that as further development occurs on the licence area additional leads will be identified and high graded to prospects

Nyuni Area PSA (70% Working Interest, Operated)

- Company remains focused on the deeper water potential of the licence
- The identified deep water leads are analogous to the numerous large discoveries to the east of the Nyuni Area licence

The Company would like to inform shareholders that an updated corporate presentation will be presented at its forthcoming AGM on May 20th which will incorporate the new resource numbers.

Aminex Chief Executive Jay Bhattacherjee commented:

“We are extremely pleased with the results of the report which takes us a step closer to realising the considerable potential in the Ruvuma basin and validates the recent seismic and additional detailed technical work. In addition, the classification of Ntorya 1 as Contingent Resources establishes a second potential development asset within the company. With the recently completed pipeline and new industry developing in proximity, we will now undertake an evaluation of the development options for this asset. Combined with the commencement of production at Kiliwani North, which should allow the Company to book its first Tanzania gas reserves, we are entering into a very exciting time for Aminex."

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

Reservoir Engineering & Recovery Methods News in Tanzania >>

Egypt >>  7/7/2020 - TechnipFMC (FTI) has signed a major Engineering, Procurement, and Construction (EPC) contract with Assiut National Oil Processing Company (ANOPC) for ...
Egypt >>  7/1/2020 - Eni (as the Operator of the Block), BP and Total (as Contractor members) have successfully drilled the first exploration well in the North El Hammad l...

Egypt >>  6/24/2020 - Bilfinger Tebodin Middle East in Egypt has signed an Engineering Master Service Agreement with PETROJET with it's main office located in Cairo and 15 ...
Egypt >>  6/18/2020 - Cheiron announces that the GNN-4 well, which was drilled to appraise the recent GNN oil discovery, has been completed and successfully tested at initi...

Egypt >>  6/15/2020 - - Committed and planned energy investments in APICORP’s 2020-24 investment outlook amount to USD792bn, a USD173mn drop compared to USD965bn in 2019-20...

Related Categories: Formation Evaluation  General  Geological, Geophysical  Geophysical Contractors  Mud Logging  Reservoir Engineering & Recovery Methods  Seismic survey  Well Completion, Logging, Workover 

Related Articles: Formation Evaluation  General  Geological, Geophysical  Geophysical Contractors  Mud Logging  Reservoir Engineering & Recovery Methods  Seismic survey  Well Completion, Logging, Workover 


Tanzania Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 |

Oil & Gas Projects in Tanzania >>

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.