{"id":13791,"date":"2023-07-12T09:47:49","date_gmt":"2023-07-12T09:47:49","guid":{"rendered":"https:\/\/www.oilnewskenya.com\/?p=13791"},"modified":"2023-07-12T09:47:49","modified_gmt":"2023-07-12T09:47:49","slug":"tanzania-ruvuma-psc-jv-announce-finalization-of-the-gsa-fdp-and-the-development-licence-the-identification-of-a-much-improved-chikumbi-well-location","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/tanzania-ruvuma-psc-jv-announce-finalization-of-the-gsa-fdp-and-the-development-licence-the-identification-of-a-much-improved-chikumbi-well-location\/","title":{"rendered":"TANZANIA: Ruvuma PSC JV Announce Finalization of the GSA, FDP and the Development Licence &#038; the identification of a much-improved Chikumbi well location"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Aminex PLC has announce that operations on the Ruvuma PSC have continued to progress under the direction of the operator, ARA Petroleum Tanzania Limited (APT):<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Following analysis of the results of the initial 3D seismic processing and interpretation, the JV partners have chosen a new optimal target location of the Chikumbi-1 well (CH-1). The Tanzanian authorities have given provisional approval of the new CH-1 well pad location and final written approval is expected imminently.<\/li>\n\n\n\n<li>The full processing of the 3D seismic data is now complete. Given the vast volume of data acquired, interpretation is now due to be completed in Q4 2023, which may result in a full revision of gas reserve and resource potential for the field.<\/li>\n\n\n\n<li>A well-workover of the Ntorya-1 well (NT-1), to enable rapid tie-in to the gas production facilities and bring the well into early production requires the use of a drilling rig and remains scheduled to run after the drilling of CH-1.<\/li>\n\n\n\n<li>The Gas Sales Agreement (GSA) in respect of the Ntorya Gas Field has now been agreed among the JV partners and the Tanzania Petroleum Development Corporation (TPDC). Signing of the GSA will take place upon approval by the Attorney General\u2019s Office.<\/li>\n\n\n\n<li>The Field Development Plan (FDP) for the development of the Ntorya Area has now been approved by all parties.<\/li>\n\n\n\n<li>The Development Licence for the Ntorya Area has been approved by all relevant Tanzanian authorities and has been submitted to the Cabinet of Ministers for final authorisation.<\/li>\n\n\n\n<li>The Tanzanian authorities have continued with the necessary work streams to progress the construction of the export pipeline from Ntorya to the Madimba Gas Plant to accommodate gas, according to recent public reports, by December 2023.<\/li>\n\n\n\n<li>APT recently received the first shipment of long lead items, including tubulars, required for the spudding of the CH-1 well.<\/li>\n\n\n\n<li>The two-week well-testing programme on the Ntorya-2 well (NT-2), designed to provide additional information required for the design of in-field processing facilities, and originally scheduled for late March 2023, is now expected to run in the coming months.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">As previously announced, the conclusion to the above workstreams decouples the spudding of CH-1 from first gas production and receipt of gas revenues. The re-defining and de-risking of the project materially advances first gas production, which is now expected at the end of 2023. A further announcement on drilling rig arrangements and timings will be made in due course.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Aminex, with a 25% non-operated interest, is carried throughout the ongoing work programme to a maximum gross capital expenditure of $140 million ($35 million net to Aminex). The carry is xpected to see the Company through to the commencement of commercial gas production from the Ntorya gas-field at zero cost to the Company.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Charles Santos, Executive Chairman of Aminex commented:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>\u201cRuvuma is an important project for Tanzania requiring a broad technical engagement and multiple negotiations. We are very pleased that the Tanzanian authorities continue to prioritize our project, including supporting the accelerated production of gas and the building of a pipeline. We are also pleased to report that APT is making great progress, including finalization of the GSA, FDP and the Development Licence, and the identification of a much-improved well location. We expect additional progress in the coming months on the well-testing of NT-2, the spudding of CH-1 and the workover of NT-1. We also look forward to the completion of the 3D seismic interpretation by the fourth quarter of 2023.&#8221;<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Aminex PLC has announce that operations on the Ruvuma PSC have continued to progress under the direction of the operator, ARA Petroleum Tanzania Limited (APT): As previously announced, the conclusion &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/tanzania-ruvuma-psc-jv-announce-finalization-of-the-gsa-fdp-and-the-development-licence-the-identification-of-a-much-improved-chikumbi-well-location\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":13793,"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":false,"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":[34,4554,6954,9601,1051,2207,2466],"class_list":["post-13791","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","category-eastern-africa","category-top-news","tag-3d-seismic","tag-aminex-plc","tag-ara-petroleum","tag-fdp","tag-gsa","tag-ruvuma","tag-tanzania","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/07\/Tanzania-Ruvuma.png?fit=541%2C542&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-3Ar","jetpack-related-posts":[{"id":13379,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tanzania-ara-petroleum-to-delay-spudding-of-chikumbi-1-as-3d-seismic-processing-interpretation-continues\/","url_meta":{"origin":13791,"position":0},"title":"TANZANIA: ARA Petroleum to Delay Spudding of Chikumbi-1 as 3D Seismic Processing &#038; Interpretation Continues","author":"","date":"March 2, 2023","format":false,"excerpt":"Aminex reports that has been informed by ARA Petroleum Tanzania Limited (APT), theOperator of the Ruvuma PSA, of a further delay to the spudding of the Chikumbi-1 well (CH-1). Aminexis pleased to announce that plans to accelerate gas production, as outlined in our announcement of 1November 2022, have been further\u2026","rel":"","context":"In &quot;Countries&quot;","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\/2023\/03\/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\/2023\/03\/Chikumbi-1-well.jpg?fit=1200%2C741&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/03\/Chikumbi-1-well.jpg?fit=1200%2C741&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/03\/Chikumbi-1-well.jpg?fit=1200%2C741&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/03\/Chikumbi-1-well.jpg?fit=1200%2C741&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":12616,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tanzania-half-of-seismic-data-now-acquired-over-the-ntorya-location\/","url_meta":{"origin":13791,"position":1},"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 &quot;Countries&quot;","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":13791,"position":2},"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 &quot;Countries&quot;","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":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":13791,"position":3},"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 &quot;Countries&quot;","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":14289,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tanzania-aminex-releases-positive-outlook-terms-2024-as-decisive\/","url_meta":{"origin":13791,"position":4},"title":"TANZANIA: Aminex Releases Positive Outlook Terms 2024 as Decisive","author":"","date":"April 29, 2024","format":false,"excerpt":"Outlook: \u2022\u00a0\u00a0\u00a0\u00a0\u00a0The operator of the Ruvuma PSA,\u00a0ARA Petroleum Tanzania Limited\u00a0(APT) continues to progress operations at the Ntorya gas field, with the following planned for 2024, upon receipt of the Development Licence: o\u00a0\u00a0Contract a rig operator to undertake the drilling of the Chikumbi-1 appraisal well and, if successful, to complete the\u2026","rel":"","context":"In &quot;Countries&quot;","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\/2024\/04\/Tanzania-Aminex.jpg?fit=885%2C1200&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/04\/Tanzania-Aminex.jpg?fit=885%2C1200&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/04\/Tanzania-Aminex.jpg?fit=885%2C1200&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/04\/Tanzania-Aminex.jpg?fit=885%2C1200&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":10776,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tanzania-apt-receives-2-years-extension-of-ruvuma-licence\/","url_meta":{"origin":13791,"position":5},"title":"TANZANIA: APT Receives 2 Years Extension of Ruvuma Licence","author":"","date":"August 19, 2021","format":false,"excerpt":"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 August 2021, and allows for the completion of the following: \u2022 Acquisition of 200 square kilometres (surface coverage) of 3D\u2026","rel":"","context":"In &quot;Countries&quot;","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":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/13791","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=13791"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/13791\/revisions"}],"predecessor-version":[{"id":13794,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/13791\/revisions\/13794"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/13793"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=13791"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=13791"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=13791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}