Wentworth Resources has reported that the MB-4 development well that spud in March is ongoing with drilling operations expected to be completed in June or in 90 days as announced during the last update.
The well which is expected to initially produce 20mmscf/day (gross) is expected to be ready to produce gas in July.
“We have made further progress this quarter towards delivery of first gas into the new pipeline with our continued tie-in work of the existing wells, the commencement of the MB-4 development well to further de-risk the existing fields and continued negotiations towards finalising the payment guarantee documentation,” says Wentworth Resources managing director Geoff Bury.
Meanwhile the explorer has said there is continued construction of field infrastructure to connect the Mnazi Bay and Msimbati gas fields to the new transnational government owned pipeline project. The construction of the new government owned gas processing plant and pipeline terminal at Madimba, Tanzania, located within the Mnazi Bay concession is also expected to be completed and commission in Q2 2015.
The first gas is expected to be delivered in July a delay of approximately three months with delivery point adjacent to Wentworth’s existing gas production facilities.
Wentworth Resource says it will be reinvesting funds from cash sales to the pipeline in Tanzania, Mozambique and East Africa especially into exploration in the Mnazi Bay Concession.
Maurel et Prom is the operator with 60.075 percent interest during exploration and 48.06 percent during production while Wentworth has an 39.925 percent exploration interest and 31.94 percent during production. TPDC is the other partner with no exploration interest and 20% interest during production.
In Mozambique the company says it has continued evaluation of the Tembo-1 well data and is working with the Rovuma Onshore Concession partners to determine a possible appraisal plan and change of operatorship in advance of the third exploration period expiring on August 28, 2015.
“In Mozambique, in coordination with the Rovuma Onshore Block joint venture partners, we are nearing a decision on the path forward for potentially appraising the discovery encountered within the Tembo-1 well announced in December 2014,” adds Bury.
Tembo-1 discovery an 11m net pay natural gas discovery made in Cretaceous aged sands was drilled to a total depth of 4,553 m.Natural gas and some condensate was recovered by modular formation dynamics testing confirming the petrophysical analysis.
“Exploration opportunities within our existing assets and additional accretive growth prospects emerging in East Africa provide the Company with strategic opportunities to become a leading oil and gas company in the region and create significant shareholder value,” he concludes.
Anadarko is the operator in the Rovuma Onshore Concession while other partners include Maurel et Prom, ENH and PTTEP.