Aminex awards Ntorya seismic acquisition contract in Tanzania

Created: Friday, 24 September 2021 07:56

The Ruvuma joint venture has awarded a seismic acquisition contract to Africa Geophysical Services (AGS) in Tanzania, a move that will enable AGS to commence activities in the Ntorya location from October 2021

The award follows an extensive tendering exercise conducted by ARA Petroleum Tanzania (APT) for the seismic programme.

The acquisition will consist of approx. 338 sq km of 3D seismic data focusing on the area of primary interest. AGS will mobilise, weather permitting, and focus on the proposed location for the Chikumbi-1 well (CH-1) to acquire as much data as possible before the start of the rainy season with the programme re-commencing after that with no additional cost to the JV partners.

Under the farm-out agreement completed with APT in October 2020, Aminex is carried for its 25% participating share of the associated field development costs up to US$35mn, equivalent to gross development expenditure of US$140mn.

Charlie Santos, executive chairman of Aminex, commented, “This award marks an important development for the Ruvuma project. APT has made quick progress completing the procurement process and securing highly competitive acquisition rates that benefit the project with considerable financial savings.

“The Ntorya gas development is now entering a period of operational activity through the acquisition of 3D seismic and well execution that represent major steps towards monetising this large gas resource into existing infrastructure and an established market in Tanzania.”