Aminex has provided the following operations update on the Ntorya development:<\/p>\n\n\n\n
\u00b7\u00a0\u00a0\u00a0\u00a0At the end of last week, the\u00a0Tanzania Petroleum Development Corporation (TPDC)\u00a0formally notified the operator of the Ntorya development (ARA Petroleum Tanzania Limited\u00a0(APT)) that construction of the pipeline from the Ntorya gas field to the Ntorya gas field(the Pipeline) shall commence in\u00a0July 2025\u00a0and is scheduled to be completed and commissioned by the end of\u00a0July 2026. The Ntorya-2 well will provide gas once the Pipeline is commissioned.<\/p>\n\n\n\n
\u00b7<\/s> Earlier this week, APT presented a tender strategy to the Petroleum Upstream Regulatory Authority (PURA) for contracting a rig to drill the Chikumbi-1 well and perform a workover on the Ntorya-1 well, along with all related services. PURA requested this strategy to expedite the tendering process. Once APT receives approval from PURA, it will immediately issue the rig tender and tenders for other necessary services, expecting to do so no later than mid-August 2025.<\/p>\n\n\n\n
Charles Santos, Executive Chairman of Aminex commented:<\/strong><\/p>\n\n\n\n “We are delighted that work on the pipeline will commence this month, marking the start of the construction phase of the Ntorya Gas Development. With a plan to complete the Pipeline by July 2026 and expectation of starting a rig tender process very soon, the project is well on its way to producing first gas next year.<\/em><\/p>\n\n\n\n