Aminex submits development plan for Ntorya field in Tanzania
Aminex has submitted a development plan for the Ntorya field located onshore Ruvuma Basin, Tanzania, to the Tanzania Petroleum Development (TPDC) for approval.
The move follows the company upgrading its estimate of gas initially in place (GIIP) to 1.3 trillion cubic feet from the previously estimated resources of 466 billion cubic feet.
According to the company, the development plan is a significant step towards securing a licence and the commercialising of the resources from the Ntorya appraisal area.
Aminex CEO Jay Bhattacherjee said: “Submission of the Ntorya field development plan is a major milestone for the company as we progress towards unlocking the value across Ntorya and Ruvuma as a whole.
“The company continues to work on further well plans in order to maximise development of the field and looks forward to updating shareholders in the fourth quarter on the status of the Ntorya-3 well.”
The development plan comprises findings from io oil & gas consultancy’s gas commercialisation study.
Through the plan, the company is weighing multiple options for gas monetisation, including compressed natural gas and gas to power.
In addition, the company is considering the option to directly connect the gas produced from the Ntorya field to the Madimba Plant in South Eastern Tanzania through an approximately 35km spur line.
Development of the field will be taken up in a phased manner in order to allow for an early production system with existing wells, as well as a programme that drills further development wells based on demand.
Aminex noted that an update on the development plan, which is subject to review by the Tanzanian authorities, and the timing for spudding the Ntorya-3 well will be provided during the fourth quarter of this year.