{"id":14160,"date":"2024-01-11T07:24:14","date_gmt":"2024-01-11T07:24:14","guid":{"rendered":"https:\/\/www.oilnewskenya.com\/?p=14160"},"modified":"2024-01-11T07:24:14","modified_gmt":"2024-01-11T07:24:14","slug":"tanzania-ruvuma-gas-sales-agreement-signed","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/tanzania-ruvuma-gas-sales-agreement-signed\/","title":{"rendered":"TANZANIA: Ruvuma Gas Sales Agreement Signed"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Aminex PLC has announce that a gas sales agreement (GSA) for the sale of gas from the Ntorya location was signed by the Company\u2019s subsidiary, Ndovu Resources Limited, together with the operator, ARA Petroleum Tanzania Limited (APT) and the Tanzania Petroleum Development Corporation (TPDC).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Key terms of the GSA include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The GSA will continue until the earlier of the expiry or termination of the Ruvuma PSA or Development Licence or the cessation of economic production from the Ntorya Gas Field;<\/li>\n\n\n\n<li>The Daily Contract Quantity (\u201cDCQ\u201d) for the first Contract Year is 40 MMscfd. The DCQ for<br>subsequent years may be increased upon agreement of the parties. The Maximum Daily Quantity<br>(MDQ) to be sold under the GSA will be 120% of the DCQ, being 48 MMscfd for the first Contract<br>Year. The Tanzanian authorities have indicated their willingness to take more gas as production<br>from the field increases and their ability to take such gas increases, with production of 140<br>MMscfd anticipated within a few years of first gas;<\/li>\n\n\n\n<li>Payment may be made by the TPDC in US Dollars or Tanzanian Shillings.<br><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Aminex now anticipates early issue of the Development Licence which will allow the award of a rig<br>contract and enable the drilling of Chikumbi-1 and the workover of Ntorya-1. The testing of Ntorya-2 is<br>now scheduled for mid-year using an in-country mobile test unit.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Despite the completion of an environmental impact assessment on the proposed pipeline to the Madimba Gas Plant and payment of all compensation to relevant landowners, there has been a delay in the construction of the pipeline. The Tanzanian authorities now expect the pipeline to be completed by the end of 2024. APT is working closely with the TPDC to expedite construction as soon as possible.<\/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<br>maximum gross capital expenditure of $140 million ($35 million net to Aminex). The carry is expected to<br>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:<br>\u201cThe signing of the gas sales agreement with the TPDC marks a significant milestone for the Company and the development of the Ntorya field. We thank APT, as operator, and the Tanzanian authorities for their efforts in bringing the execution of the GSA to a close. At the signing today, the Tanzanian authorities expressed the importance of energy security for Tanzania and its people and the development of Ntorya is crucial to the provision of much-needed natural gas. The authorities also indicated that the Development Licence will be received very soon. We will provide a further update to the market on the progress of the other Ruvuma workstreams in due course.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Get a copy of the <a href=\"https:\/\/www.oilnewskenya.com\/product\/tanzania-upstream-sector-activity-outlook-2023-2024\/\">Tanzania Upstream Sector Activity Outlook 2023-2024<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Aminex PLC has announce that a gas sales agreement (GSA) for the sale of gas from the Ntorya location was signed by the Company\u2019s subsidiary, Ndovu Resources Limited, together with &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/tanzania-ruvuma-gas-sales-agreement-signed\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":14161,"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":[4554,11459,6853,961,6734,3527,1784,1787,11460,2466,2472],"class_list":["post-14160","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","category-eastern-africa","category-top-news","tag-aminex-plc","tag-ara-petroleum-tanzania-limited","tag-chikumbi-1","tag-gas-sales-agreement","tag-madimba-gas-plant","tag-ndovu-resources","tag-ntorya","tag-ntorya-1","tag-ntorya-2-2","tag-tanzania","tag-tanzania-petroleum-development-corporation","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/01\/Tanzania-Ruvuma.png?fit=541%2C542&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-3Go","jetpack-related-posts":[{"id":12616,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tanzania-half-of-seismic-data-now-acquired-over-the-ntorya-location\/","url_meta":{"origin":14160,"position":0},"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":13791,"url":"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\/","url_meta":{"origin":14160,"position":1},"title":"TANZANIA: Ruvuma PSC JV Announce Finalization of the GSA, FDP and the Development Licence &#038; the identification of a much-improved Chikumbi well location","author":"","date":"July 12, 2023","format":false,"excerpt":"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): 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\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\/07\/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\/2023\/07\/Tanzania-Ruvuma.png?fit=541%2C542&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/07\/Tanzania-Ruvuma.png?fit=541%2C542&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":7117,"url":"https:\/\/www.oilnewskenya.com\/index.php\/ara-petroleum-tanzania-takes-operatorship-ruvuma-psa-following-farm\/","url_meta":{"origin":14160,"position":2},"title":"ARA Petroleum Tanzania Takes Over Operatorship of Ruvuma PSA following Farm-Out","author":"","date":"July 11, 2018","format":false,"excerpt":"ARA Petroleum Tanzania an affiliate of\u00a0Eclipse Investments, the largest shareholder in Zubair Corporation will take over operatorship of the Ruvuma PSA after Ndovu Resources signed a binding farm-out agreement with\u00a0the Zubair Corporation. According to Aminex which wholly-owns subsidiary\u00a0Ndovu Resources following the farm-out it is intended that the Farm-Out will accelerate\u2026","rel":"","context":"In &quot;Top News&quot;","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"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":7160,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tanzania-chikumbi-1-well-drilling-nears-rig-bids-tendering-complete\/","url_meta":{"origin":14160,"position":3},"title":"Tanzania Chikumbi 1 Well Drilling Nears As Rig Bids Tendering Complete","author":"","date":"August 27, 2018","format":false,"excerpt":"The tendering process for a rig to drill\u00a0Chikumbi-1 (CH-1)\u00a0is now complete according to Aminex with the company having received numerous bids. These bids are being evaluated on their technical and commercial merits. CH-1 which is located up-dip from both the Ntorya-1 discovery well, which tested at rates of up to\u2026","rel":"","context":"In &quot;Top News&quot;","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/08\/Chikumbi-1.png?fit=353%2C461&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":2393,"url":"https:\/\/www.oilnewskenya.com\/index.php\/solo-acquires-kiliwani-north-development-licence-in-tanzania\/","url_meta":{"origin":14160,"position":4},"title":"Solo acquires Kiliwani North Development Licence in Tanzania","author":"Samuel Kamau Mbote","date":"February 3, 2015","format":false,"excerpt":"[twitter-follow screen_name='oilnewskenya'] Solo has announced it has now signed the Asset Purchase Agreement with Aminex plc for the first 6.5% interest in the Kiliwani North Development Licence (KNDL) at a total consideration of US$3,500,000. The announcement \u00a0follows prior statements in October and December last year where the company said it\u2026","rel":"","context":"In &quot;Top News&quot;","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/10\/kiliwani-north.jpg?fit=498%2C565&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":3271,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tanzanias-kiliwani-north-gas-agreement-signed-q3-2015\/","url_meta":{"origin":14160,"position":5},"title":"Tanzania\u2019s Kiliwani North Gas Agreement to be Signed in Q3 2015","author":"","date":"August 26, 2015","format":false,"excerpt":"Production from the Kiliwani North Field could start in 2015 with the Tanzanian authorities having advised that production should start within Q3 2015 now that the main pipeline has been pressure tested and with the Gas Agreement expected to be signed this quarter. The completion of a Gas Sales Agreement\u2026","rel":"","context":"In &quot;Top News&quot;","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/10\/kiliwani-north.jpg?fit=498%2C565&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/14160","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=14160"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/14160\/revisions"}],"predecessor-version":[{"id":14163,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/14160\/revisions\/14163"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/14161"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=14160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=14160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=14160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}