Wentworth receives payment for gas sale in Tanzania

wentworthWentworth has a strong operational base in East Africa. (Image source: Erin/Flickr)Wentworth, the East Africa-focused oil and gas company, has informed to receive the payments during July 2018 for gas sales generated from the Mnazi Bay Concession in Tanzania, totaling US$3.7mn

The company said this during providing its payment update to the shareholders.

Payments were received from both Tanzania Petroleum Development Corporation (TPDC) and Tanzania Electric Supply Company Limited (TANESCO) for one month’s gas sales each company.

Wentworth has also reported that the gross production volumes during July 2018 from the Mnazi Bay gas field averaged 90mn scf per day.

The company is a publicly traded independent oil and gas firm, focussing on production, exploration and appraisal opportunities and large-scale gas monetisation initiatives, all in the Rovuma Delta Basin of coastal southern Tanzania and northern Mozambique.

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