2D seismic on Tanzania’s Mnazi Bay Concession set to be complete in Q3

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The acquisition of 315km of conventional 2D onshore seismic data over the prospective areas of the Mnazi Bay Concession Tanzania is on program and is expected to be completed in Q3 according to Wentworth resources in its latest financial statements.

The acquisition of the 2D onshore seismic data had earlier been expected to be completed during Q2 as per the Q1 financial statements.

The concession which is located in gas rich South-Eastern Tanzania region has seen increased activity  since 2005 after a 25 year abandoning by Eni (which drilled a shallow water, offshore well and discovered the Mnazi Bay Gas Field) with the drilling of two appraisal wells (MB-2 and MB-3) and one exploration well (MS-1X), all of which encountered hydrocarbons.

Another well which discovered gas was also drilled at the Msibati gas field resulting to the construction of two gas processing plants, 27km of 8” pipeline, and an 18MW gas-fired power plant.

Wentworth Resources says processing and interpretation of this new seismic data during 2014 is expected to support future appraisal, development and exploration drilling which is anticipated to commence in 2015.

The Mnazi Bay Concession covers a 756km² with Wentworth owning a 41.78% working interest in operations other than exploration on the block together with the operator, Maurel et Prom 38.22%, and TPDC 20%.

Wentworth also owns a 52.225% working interest in exploration operations on the block together with Maurel et Prom’s 47.775% working interest.

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