{"id":10776,"date":"2021-08-19T09:19:22","date_gmt":"2021-08-19T09:19:22","guid":{"rendered":"https:\/\/www.oilnewskenya.com\/?p=10776"},"modified":"2021-08-19T09:23:50","modified_gmt":"2021-08-19T09:23:50","slug":"tanzania-apt-receives-2-years-extension-of-ruvuma-licence","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/tanzania-apt-receives-2-years-extension-of-ruvuma-licence\/","title":{"rendered":"TANZANIA: APT Receives 2 Years Extension of Ruvuma Licence"},"content":{"rendered":"

The operator, ARA Petroleum Tanzania Limited (APT) has secured the extension for the Ruvuma PSA from the Ministry of Energy of Tanzania, which is valid for two years
\nfrom 15 August 2021, and allows for the completion of the following:
\n\u2022 Acquisition of 200 square kilometres (surface coverage) of 3D seismic data
\n\u2022 Drilling of the Chikumbi-1 well
\n\u2022 Conclusion of negotiations of the Gas Terms for the Ruvuma PSA.<\/p>\n

Tendering for the acquisition of 3D seismic has been completed and APT awaits approval from the Tanzanian authorities for the issue of the seismic acquisition contract. It is still expected that acquisition will commence in the third quarter of 2021.<\/p>\n

Drilling of the Chikumbi-1 exploration and appraisal well is expected to commence early in the third quarter of 2022.<\/p>\n

Following technical work by APT earlier this year, revised mapping and internal management estimates suggest a mean risked gas in place (GIIP) for the Ntorya accumulation of 3,024 Bcf, in multiple lobes to be tested and a mean risked recoverable gas resource of 1,990 Bcf, which will be appraised by the planned seismic and drilling programme.<\/p>\n

Under the Farm-Out agreement completed with APT in October 2021, Aminex is carried for its share of the associated field development costs up to US$35 million, equivalent to gross development expenditure of US$140 million.<\/p>\n

Charlie Santos, Executive Chairman of Aminex commented:
\n\u201cWe are delighted to receive the extension to the licence and appreciate the Ministry of Energy\u2019s steadfast support. We are also thankful for APT\u2019s diligent efforts to secure the extension and look forward to updating shareholders on further progress in due course.\u201d<\/p>\n

Download the Tanzania Upstream Sector Activity Outlook 2021-2022\u00a0<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The operator, ARA Petroleum Tanzania Limited (APT) has secured the extension for the Ruvuma PSA from the Ministry of Energy of Tanzania, which is valid for two years from 15 … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":7118,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[7442,7443,11],"tags":[137,6954,6853,1584,2211,2272,2466],"class_list":["post-10776","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","category-eastern-africa","category-top-news","tag-aminex","tag-ara-petroleum","tag-chikumbi-1","tag-ministry-of-energy","tag-ruvuma-psa","tag-seismic","tag-tanzania","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/07\/Ruvuma-PSA.jpg?fit=535%2C694&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-2NO","jetpack-related-posts":[{"id":12527,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tanzania-apt-receives-first-batch-of-ntorya-field-seismic-data\/","url_meta":{"origin":10776,"position":0},"title":"TANZANIA: APT Receives First Batch of Ntorya Field Seismic Data","author":"","date":"August 2, 2022","format":false,"excerpt":"Ruvuma PSA JV partner Scirocco Energy reports that the operator\u00a0APT has received the first batch of field seismic data last week and expects to have processed and interpreted sufficient data to confirm the final drilling location of the Chikumbi-1 (CH-1) well before the end of August. Field acquisition continues to\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/06\/Tanzania-Ruvuma.png?fit=541%2C542&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/06\/Tanzania-Ruvuma.png?fit=541%2C542&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/06\/Tanzania-Ruvuma.png?fit=541%2C542&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":9302,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tanzania-aminex-ara-petroleum-complete-ruvuma-farm-out\/","url_meta":{"origin":10776,"position":1},"title":"TANZANIA: Aminex, ARA Petroleum Complete Ruvuma Farm-out","author":"","date":"October 23, 2020","format":false,"excerpt":"Aminex has announced the Completion of the Ruvuma Farm-Out. The Company, through its wholly owned subsidiary, Ndovu Resources Limited, has transferred a 50% interest in, and operatorship of, the Ruvuma PSA to ARA Petroleum Tanzania Limited (APT). Aminex had earlier has borrowed US$3 million (advance) and received a loan of\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/07\/Ruvuma-PSA.jpg?fit=535%2C694&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/07\/Ruvuma-PSA.jpg?fit=535%2C694&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/07\/Ruvuma-PSA.jpg?fit=535%2C694&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":11748,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tanzania-acquisition-of-3d-seismic-survey-over-ruvuma-psa-will-commence-in-2-weeks\/","url_meta":{"origin":10776,"position":2},"title":"TANZANIA: Acquisition of 3D Seismic Survey over Ruvuma PSA will Commence in 2 Weeks","author":"","date":"February 2, 2022","format":false,"excerpt":"Ruvuma PSA JV partner Aminex has provided an update to its planned 338km2 3D seismic survey\u00a0 over the Ruvuma PSA \u2022 Seismic camp fully constructed, and the contractor Africa Geophysical Services Limited (AGS) is completing the mobilization of all necessary equipment to site, which is expected to be completed by\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/07\/Ruvuma-PSA.jpg?fit=535%2C694&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/07\/Ruvuma-PSA.jpg?fit=535%2C694&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/07\/Ruvuma-PSA.jpg?fit=535%2C694&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":12616,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tanzania-half-of-seismic-data-now-acquired-over-the-ntorya-location\/","url_meta":{"origin":10776,"position":3},"title":"TANZANIA: Half of Seismic Data Now Acquired over the Ntorya location, Ruvuma PSA","author":"","date":"September 5, 2022","format":false,"excerpt":"Aminex is pleased to announce that seismic and commercial activities on the Ruvuma PSC continue to progress under the direction of the operator, ARA Petroleum Tanzania Limited (APT): \u2022 Over half of the seismic data has now been acquired over the Ntorya location. \u2022 The seismic data required to evaluate\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/09\/Ntorya-development-license.png?fit=532%2C443&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/09\/Ntorya-development-license.png?fit=532%2C443&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/09\/Ntorya-development-license.png?fit=532%2C443&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":11032,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tanzania-ruvuma-jv-approves-the-2022-work-programme-ahead-of-chikumbi-well-drilling\/","url_meta":{"origin":10776,"position":4},"title":"TANZANIA: Ruvuma JV Approves the 2022 Work Programme Ahead of Chikumbi Well Drilling","author":"","date":"October 22, 2021","format":false,"excerpt":"The Ruvuma JV has approved the 2022 work programme and budget which is designed to meet all work obligations under the terms of the licence extension previously announced on 18 August 2021, and furtheradvance the appraisal and de-risking of the existing gas discovery on the licence. The work programme will\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/10\/Chikumbi-1-well.jpg?fit=1200%2C741&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/10\/Chikumbi-1-well.jpg?fit=1200%2C741&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/10\/Chikumbi-1-well.jpg?fit=1200%2C741&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/10\/Chikumbi-1-well.jpg?fit=1200%2C741&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/10\/Chikumbi-1-well.jpg?fit=1200%2C741&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":8138,"url":"https:\/\/www.oilnewskenya.com\/index.php\/aminex-receives-12-month-extension-on-the-mtwara-licence\/","url_meta":{"origin":10776,"position":5},"title":"Aminex Receives 12 month Extension on the Mtwara Licence","author":"","date":"April 29, 2020","format":false,"excerpt":"Aminex has announced that it has formally received the extension of the Mtwara Licence from the Ministry of Energy of Tanzania; one of the last remaining conditions required to close the Farm-Out Agreement with ARA Petroleum Tanzania Limited which will see the Company carried for up to US$35 million of\u2026","rel":"","context":"In "Eastern Africa"","block_context":{"text":"Eastern Africa","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/eastern-africa\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/10776","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=10776"}],"version-history":[{"count":3,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/10776\/revisions"}],"predecessor-version":[{"id":10779,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/10776\/revisions\/10779"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/7118"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=10776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=10776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=10776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}