Mnazi Bay

Wentworth Resources to relinquish Tembo Block To Focus on Mnazi Bay Asset

Wentworth Resources has that it intends to relinquish the Tembo block with a planned effective date of 30 April 2019 ahead of the end of the current appraisal term on 15 June 2019 possibly after lacking a farm-in partner  to participate in the appraisal programme.. The Company will also exit Mozambique, closing its Maputo office and shutting down activities …

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Gas Delivery Begin at Kinyerezi 2 Gas Fired Power Plant in Tanzania

Gas delivery has commenced to Tanzania’s newest power facility, Kinyerezi-2 for commissioning of the first two of six gas turbines to the national grid according to Mnazi Bay jv partner Wentworth Resources in its latest update. The project which worth approximately $432 million USD in the Kinyerezi area in Dar es Salaam will generate almost …

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Mnazi Bay Q3 2017 Gross Production Volumes Reach 60MMscf/d

Joint Venture partner at the Mnazi Bay license has reported that Q3 2017 gross production volumes from the Mnazi Bay gas field averaged 60 MMscf/d, bringing the year-to-date average to 45 MMscf/d. The partners expect that production volumes will continue at similar levels into Q4 with October 2017 month-to-date averaging over 64 MMscf/d. “We continue …

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Tanzania’s Mnazi Bay Asset Gas Sales Reach $7.9 Million in 2017

Mnazi bay asset joint venture partner Wentworth Resources has reported that total cash received for invoiced gas sales from Tanzania Petroleum Development Corporation (TPDC) and Tanzania Electric Supply Company Limited (TANESCO) has reached $7.9 million in 2017 in today’s update to shareholders. The amount includes the most recent payment of $1.2 million from TANESCO and …

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Wentworth Resources Estimates Mozambique’s Tembo Field to Hold 1.7TCF

Oslo Stock Exchange listed independent and East Africa-focused oil & gas company Wentworth Resources has announced that an internal assessment of the prospective resource estimate for the Tembo Structure is 1.7 Tcf (unrisked P50) with the significant oil shows in the Tembo-1 discovery well also suggest the potential for an oil case of 219 MMbbls …

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Mnazi Bay JV Partners See Sales Decline following Symbion Power Plant Closure

Mnazi Bay joint venture partners have seen a decline in gas sales as the average gross daily gas production for the third quarter was 34 MMscf/d down from 51 MMscf/d during Q2 2016 the suspension of operations at the Symbion gas-fired power plant as a result of a dispute with the Tanzania. The production decline …

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Wentworth Resources Posts Loss for H1 2016 Despite Gas Sales Increase

East Africa-focused oil & gas company Wentworth Resources which operates in Tanzania and Mozambique has posted another $0.17 million net loss in Q2 bringing the total loss to $1.08  million for the six month period ending June 30th 2016. During this quarter gas sales revenue rose to $3.43 million as compared to $0.29 million in …

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Tanzania’s Gas Demand To Outstrip Supply by 2018

Tanzania is expected to surpass its current supply in the next two years with the current demand being 80mmscf/d mainly from existing power plants as the country continues to experience chronic power shortages according to Wentworth Resources. Next year the demand is expected to surge to 120mmscf/d with the new buyers mainly being industrial users. …

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Tanzania Pipeline Route Not A Done Deal – Kenya

Days after Tanzania and Uganda are said to have agreed on a more southern route that would avoid Kenya’s oil rich Lokichar basin the latter’s finance and energy cabinet secretaries are putting a brave face saying it is not a done deal. According to finance CS Henry Rotich and Energy CS Charles Keter despite the …

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Mnazi Bay Production Volume To Reach 70 MMscf/day in Q1 2016

Gas deliveries to the new transnational pipeline and directly to a power plant in Mtwara averaged 55 MMscf/d production  during the month of December 2015 up from 46 MMscf/d in November. To date, growing gas demand from the power sector has been impacted by delays experienced in commissioning the new Kinyerezi power plant and the …

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