For now, the companies are waiting for a development licence. Aminex confirmed to Energy Voice that this “unlocks activity pertaining to the development of the field". This includes drilling production wells or well workovers.
“ARA is now well positioned to take decisive steps towards developing the asset and ensuring that the natural gas produced from the Ntorya field is introduced to the market as quickly as possible."
The Tanzanian government has signed an update to the production-sharing agreement (PSA) for the Ruvuma licence, pledging support for expansion plans.
ARA Petroleum Tanzania (APT) should spud a well in Tanzania in November, partner Aminex has said, with production from Ntorya starting at the end of 2024.
Tanzania has extended the Ruvuma production-sharing agreement (PSA) to provide time for development of the area’s gas plans.
ARA Petroleum Tanzania (APT) expects to begin acquiring 3D seismic this quarter.
ARA Petroleum Tanzania (APT) has set out a path to first gas at Tanzania’s Ruvuma production-sharing agreement (PSA).
Aminex has completed its farm out of the Ruvuma licence to ARA Petroleum Tanzania, completing a process that began in mid-2018.
The Tanzanian government has approved Aminex to proceed with the farm out of its Ruvuma interest to ARA Petroleum Tanzania.
Foreign investors have become increasingly concerned about Tanzania since the election of John Magufuli to the presidency in 2015.
The Tanzania Revenue Authority (TRA) has issued a certificate to Aminex, marking another step forward in its work to farm out a stake in the Ruvuma licence.
Aminex has agreed to secure a loan to pay its capital gains tax in Tanzania in order to move its farm-out plans ahead.
Aminex has received an extension to its Mtwara licence, in Tanzania, satisfying one of the remaining conditions of its farm-out agreement with ARA Petroleum Tanzania.
London-based Aminex said today that low reservoir pressure was restriction output from its Kiliwani North-1 well in Tanzania.
UK based upstream oil and gas company Aminex has nearly tripled its resource estimate for the Ruvuma Petroleum Sharing Agreement ("Ruvuma PSA") in Tanzania.
Aminex narrowed its losses in what is chairman hailed a "landmark" year for the firm.
Aminex today confirmed it Ntorya-2 appraisal well in the Ruvuma PSA in Tanzania successfully hit a gas play.
Aminex today confirmed it would spud its Ntorya-2 appraisal well located in Tanzania in the coming days.
Aminex has mobolised the drilling rig for its Nytorya-2 wellsite.
Aminex posted loss of $2,45million for the first half the year.
Aminex has received its first payment for its Kiliwani North-1 well in Tanzania.
Solo Oil said the Mtwara licence which is part of the Ruvuma Production Sharing Agreement (PSA) has been granted a further one year extension.
Aminex's Kiliwani North well has upped its output to 30 mmcf per day, approximately 5,000 barrels of oil equivalent per day, the company today confirmed.
Aminex has secured an extension to its repayment agreement with its lender. The 18-month reprieve comes after the operator struck a number of deals in Tanzania.
Aminex today confirmed it has issued its first invoices for its Kiliwani North Development in Tanzania.