Aminex, Solo Oil Acquire Seismic Data in Tanzania

Aminex, operator of the Ruvuma Petroleum Sharing Contract in Tanzania, has completed the 2D seismic acquisition to appraise up-dip portion of the Ntorya-1 discovery, JV partner Solo Oil said in a statement.

Fully interpreted results are expected during third quarter of 2014.

“This new seismic data, which totals approximately 180 kilometres, will assist in delineating the Ntorya discovery and thereby allow the optimisation of future production wells. The data was acquired on time and on budget,” Solo Oil said.

“Acquisition of the infill seismic data over the Ntorya gas condensate discovery is an important next step in the monetisation process for the discovery. This is especially timely as the commissioning of the new gas pipeline, currently under construction, to the market in Dar es Salaam will make Ntorya especially valuable,” Neil Ritson, Solo Executive Director, commented.

Participants in the Ruvuma PSA are Ndovu Resources Ltd (Aminex) 75% (operator) and Solo Oil Plc 25%.