Solo confirmed its Ntorya appraisal well will surpass original projections.
This discovery will be joined with the Likonde prospect in the Ruvuma Petroleum Sharing Contract in onshore southern Tanzania, while oil and gas found in an extension of the Lower Teritary will increase the resource potential from 1.9 trillion cubic feet to 2.3 trillion.
Neil Ritson, executive dirctor of Solo said: “Ongoing work by the operator is revealing significant additional upside in the Ruvuma PSC and the new seismic data has been able to shed light on the significance of the shows that were seen at Likonde-1 and how those relate to the discovery made at Ntorya-1.
“This all supports our belief that the Ruvuma will rapidly evolve as a gas, and perhaps oil, development area in the next few years, supported by the access to a ready market in Dar es Salaam to which the area is now connected by a pipeline.”
The Likonde-1 well penetrated 97 metres of net sand with an average porosity of 17% within a 316-metre gross Lower Tertiary sand sequence with significant shows and a deeper Jurassic zone, containing 250 metres of stacked sandstones with extensive oil and gas shows.
In 2012, Ntorya failed to intersect this Likonde sand channel, just north of the well, but discovered a deeper Cretaceous gas sand that tested at a rate of 20.1 million cubic feet per day.
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