Aminex today confirmed first gas from its Kiliwani North prospect in Tanzania.
The Dodsal Group said it has made a new gas discovery in Tanzania's Ruvu Basin Coast worth an estimated $8billion.
Edenville Energy plc (AIM:EDL) the company developing a coal-to-power project in south west Tanzania, said it was "delighted" it had received a mining licence from the Tanzanian government.
Solo Oil today confirmed it had increased its interests in Tanzania’s Kiliwani North development licence to 10%.
Aminex said the Kilwani North-1 well is undergoing final testing ahead of first production.
Tanzania said it has finalised a land acquisition for the site of a planned LNG plant.
Solo Oil has confirmed that Kiliwani North operator Animex has now executed the gas sales agreement for the Kiliwani North-1 well with the Tanzania Petroleum Development Corporation on behalf of their joint venture partnership.
Aminex today confirmed it had struck a deal with the Tanzanian government ahead first production form its Kiliwani North gas field.
Aminex has netted a six-month reprieve to pay back its corporate loan facility.
Statoil ASA is seeking clarification on Tanzania’s new petroleum law and wants to learn how it will affect companies like itself already operating in the nation, local commercial manager Oivind Holm Karlsen said. “We need to go through the law to make sure we have a common understanding of what it is,” said Karlsen in an interview Tuesday in the commercial capital, Dar es Salaam, during a break at a conference. “We need to understand what is the implication and how will the production-sharing agreements that we already have be honored in light of that law.” Parliament passed the petroleum legislation in July, after repeated delays, ushering in a royalty regime in which energy companies pay 12.5 percent for onshore oil and gas production and 7.5 percent for offshore.
“I now live in a visible world”, says 62-year-old Tanzanian farmer Elizabeth Mukwimba, whose life has been transformed by access to electricity through solar power.
Solo Oil has farmed out its interest in the Ruvuma petroleum sharing agreement to help it accelerate two appraisal wells in Tanzania.
Solo Oil has welcomed the decision of the Tanzania Petroleum Development Corporation to back into the Kiliwani North Development Licence for a 5% working interest as a fully paying partner.
Edenville Energy, which is developing a coal-to-power project in south western Tanzania, has said it is making good progress towards gaining a mining licence from the Tanzanian authorities.
Edenville Energy, the company developing a coal-to-power in south western Tanzania, is on track to deliver the project.
Solo Oil said it hopes to begin making commercial gas sales from its Kiliwani North asset in Tanzania, its first commercial production in Africa.
Woodside Energy has chosen not to enter into the next period of an exploration program in Tanzania. The move is related to the Lake Tanganyika South Production Sharing Agreement.
Statoil has made a new gas discovery in Tanzania. The Norwegian company said the Mdalasini-1 exploration well had resulted in the new find. The discovery of an additional 1.0-1.8trillion cubic feet (tcf) of natural gas in the well brings the total of on-place volumes up to approximately 22 tcf in Block 2. Nick Maden, senior vice president for Statoil's exploration activities in the Western Hemisphere, said: “The Mdalasini-1 discovery marks the completion of the first phase of an efficient and successful multi-well exploration programme offshore Tanzania."
Ophir Energy has hit a number of dry wells in some of its Tanzanian offshore assets. The company said the Tende-1, which was drilled in East Pande by the Deepsea Metro I drillshop had shown no moveable hydrocarbons in the prospect. Initial gas traces had been captured in the upper strata of the primary objective.
Aminex PLC is set to close its sale with Solo Oil for 13% of its asset in the Kiliwani North Development Licence (KNDL) in Tanzania for $7million. The deal will mark a milestone for Aminex by providing it with the its first revenues from its Tanzanian assets. Both Aminex and Solo Oil have advised shareholders of the plans, and are currently waiting for approval from the Tanzanian authorities.