Aminex Signs Rig Contract for Ntorya-2 Well in Tanzania’s Ruvuma PSA

Tanzania’s Ruvuma PSA block operator Aminex has announced that it has executed a rig contract for the drilling of the Ntorya-2 appraisal well in the Ruvuma basin.

The Caroil 2 drilling rig is currently on the Ntorya 1 well pad and preparations are underway to mobilize the rig and equipment to the Ntorya 2 pad, which is 1500m away. The contract is for one firm well with an option for a second well.

Aminex has a 75% working interest and is the operator of this well, which is positioned approximately 1500m southwest of the Ntorya-1 discovery well, which flow tested at 20 mmcfd with 139 bbls associated condensate.

Already the company has completed a new seismic programme in the vicinity of its Ntorya-1 discovery on the Ruvuma PSA acreage in 2015.

Aminex currently has an obligation to drill a minimum of four exploration wells by the end of 2016 but is in discussions with the Tanzania Petroleum Development Corporation (TPDC) to focus resources on the development of Ntorya with a view to accelerating the supply of gas into the new regional pipeline system.

“We are delighted that the appraisal process at Ntorya is now gaining momentum.  We understand that the Carol#2 rig, which is already located nearby at the Ntorya-1 site, will be mobilised and rigged up shortly to drill this high impact well.  We look forward to further news as we move towards spud date,” says Solo’s Chairman Neil Ritson.

The Company adds it remains on track to spud Ntorya-2 during Q4 2016. The other partner Solo Oil Plc has 25%.