Solo Oil said a rig contract has been signed from the drilling of the Ntorya-2 appraisal well in the Ruvuma basin.
The Carol 2 drilling rig, which is currently on the Ntorya-1 well pad, will shortly be mobilised to move on.
The company said the contract is for one firm well, with an option for a second well.
The Company has a 25% working interest in the Ruvuma PSA and the Ntorya-2 well is a key appraisal of the Ntorya-1 discovery which flowed 20 million standard feet per day with 139 barrels of associated condensate.
Aminex has further advised that it remains on track to spud Ntorya-2 during the fourth quarter of this year.
Neil Ritson, Solo’s Chairman, said: “We are delighted that the appraisal process at Ntorya is now gaining momentum. We understand that the Carol#2 rig, which is already located nearby at the Ntorya-1 site, will be mobilised and rigged up shortly to drill this high impact well. We look forward to further news as we move towards spud date.”
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